I find it fascinating to look at all the information coming about about Baby Boomers. After all, I am one of them. But things are indeed changing in light of the recent economic challenges, Boomers may be making different plans.
The Urban Institute published a story about the growing population of baby boomers a while back. Between 2010 and 2020, the senior population is expected to grow by some 36 percent. That certainly is an amazing number. And according to the Brookings Institution,these numbers will grow more rapidly in the southeast, the intermountain west and especially Texas. Here is another number that I find amazing: Boomers are turning 65 at the rate of 1,000 per day and that trend will continue for another 19 years.
But it appears that the challenges to the economy and the housing crisis have slowed retirement plans of baby boomers. Florida has experienced a loss of migration with people from places like New York and Chicago choosing to remain in place for the time being. Arizona is still getting out of its deep dark cave. And the verdict is still out on Nevada. It may be years fYet surveys continue to indicate that many boomers still have a desire to make a move. So where will are they likely to go??
Where will boomers go if they don't stay where they are?
Areas That Will Experience Senior Growth Due to the Aging of Baby Boomers
Metro area Growth rate
Raleigh-Cary, N.C. 31.6
Austin-Round Rock, Texas 30.1
Atlanta-Sandy Springs-Marietta, Ga. 29.8
Boise City-Nampa, Idaho 28.7
Las Vegas-Paradise, Nev. 27.8
Orlando-Kissimmee, Fla. 27.2
Houston-Sugar Land-Baytown, Texas 23.7
Dallas-Fort Worth-Arlington, Texas 22.7
Colorado Springs, Colo. 22.6
McAllen-Edinburg-Mission, Texas 21.5
Phoenix-Mesa-Scottsdale, Ariz. 21.0
Charleston-North Charleston, S.C. 20.8
Albuquerque, N.M. 19.5
Tucson, Ariz. 19.2
Washington-Arlington-Alexandria, D.C.-Va. 19.1
Salt Lake City, Utah 19.0
Charlotte-Gastonia-Concord, N.C.-S.C. 18.2
Denver-Aurora, Colo. 18.1
Nashville-Davidson-Murfreesboro-Franklin, Tenn. 18.1
Ogden-Clearfield, Utah 18.0
But it appears that the challenges to the economy and the housing crisis have slowed retirement plans of baby boomers. Florida has experienced a loss of migration with people from places like New York and Chicago choosing to remain in place for the time being. Arizona is still getting out of its deep dark cave. And the verdict is still out on Nevada. It may be years fYet surveys continue to indicate that many boomers still have a desire to make a move. So where will are they likely to go??
Where will boomers go if they don't stay where they are?
Areas That Will Experience Senior Growth Due to the Aging of Baby Boomers
Metro area Growth rate
Raleigh-Cary, N.C. 31.6
Austin-Round Rock, Texas 30.1
Atlanta-Sandy Springs-Marietta, Ga. 29.8
Boise City-Nampa, Idaho 28.7
Las Vegas-Paradise, Nev. 27.8
Orlando-Kissimmee, Fla. 27.2
Houston-Sugar Land-Baytown, Texas 23.7
Dallas-Fort Worth-Arlington, Texas 22.7
Colorado Springs, Colo. 22.6
McAllen-Edinburg-Mission, Texas 21.5
Phoenix-Mesa-Scottsdale, Ariz. 21.0
Charleston-North Charleston, S.C. 20.8
Albuquerque, N.M. 19.5
Tucson, Ariz. 19.2
Washington-Arlington-Alexandria, D.C.-Va. 19.1
Salt Lake City, Utah 19.0
Charlotte-Gastonia-Concord, N.C.-S.C. 18.2
Denver-Aurora, Colo. 18.1
Nashville-Davidson-Murfreesboro-Franklin, Tenn. 18.1
Ogden-Clearfield, Utah 18.0
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