The study was conducted by William H. Frey who is affiliated with the Brookings Institute. His findings include:
The states showing the fastest Senior growth rate are not the ones that are commonly known for having the highest percent of seniors in their population. What is currently being measured is the younger population of an area that decides to "stay put" and grow older in the place they have resided in during their younger years as opposed to moving to another area. Well-off younger senior populations are expected to emerge in cities like Atlanta, Las Vegas, Dallas and Denver.
Cities like Chicago and Philadelphia that have large suburban areas surrounding them are expected to age the fastest because these areas are seeing a drop in younger residents.
More and more Baby Boomers are choosing to stay in one place rather than move to a new area to retire. This effect on household mobility has in the past been a major influence on home sales.
Several states are emerging as what has been termed "New Minority States"; where Hispanics and Asians account for about 1/3 of the state population. These states are: California, Arizona, Illinois, New Jersey, New York, Nevada, Florida, Texas and New Mexico.
Twelve States have been identified as "Faster Growing States." These are areas that may have a large number of suburban communities that migrants from other parts of the country find attractive. These 12 states are expected to see the highest growth rate in the 55-year and older population. The twelve states are: Colorado, Oregon, Idaho, Georgia, North Carolina, South Carolina, Washington, Utah, Virginia, Maryland, Tennessee, and New Hampshire.
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