Economic Development Futures Journal

Tuesday, June 27, 2006

counter statistics

The Active Boomer Retiree

Read this: "That’s par for the course for boomers who have reshaped America at every turn, says Marc Freedman, author of “Prime Time: How Baby Boomers Will Revolutionize Retirement and Transform America.”

“This new generation is not only expanding the definition of activity and expanding the definition of retirement, they are actually creating something entirely new — a stage of life that hasn't existed before,” Freedman says.

In a recent survey by Pulte Homes, 50 percent of baby boomers said they plan to purchase new homes for retirement. Of those, two-thirds are relocating for a better lifestyle, which explains the boom in active retirement communities like Sun City, near Hilton Head Island, S.C.


Source: MSNBC

Note: Economic developers should be paying a lot more attention to these issues.

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