Retirees: A New Economic Development Strategy
Sunday, March 29th, 2009Communities that provide a high quality of life, including broad-based, innovative recreation opportunities for their residents age 50+, are attracting seniors to relocate to their communities for retirement and these migrating seniors are providing a significant stimulus to their local economies.
The population projections for 2010 - 2030 indicate that younger seniors will migrate to Las Vegas, Denver, Dallas, and Atlanta - communities that have traditionally been recognized for their youthful profiles. These migration patterns indicate that factors other than climate are involved in decisions about retirement destinations. The younger, more affluent retirees are migrating to areas that are rich in amenities, and recreational services are prominent among the amenities that are attracting them. The availability of parks and recreation opportunities in the community is second only to family location as a factor influencing retirees’ decisions about where to live during their retirement years.
Enhancing local recreation services for adults over age 50 is an economic development strategy that will result in a high rate of return on the community’s investments.





