Retiring babyboomers and seniors wield enormous economic clout, with research showing that migrating seniors can help lift local economies. So US cities are now working to attract and retain older citizens, with competition for retirees heating up.
With many seniors staying in the workforce for longer, or returning to familiar city locations after an earlier move out of town, a city lifestyle offers many benefits with proximity to family, friends, services and work opportunities. Access to good public transport and more community based and in-home support services in the city means people may be able to stay living independently in their own home for longer.
City leaders and planners are starting to acknowledge the importance of creating age-friendly cities, which encourage older citizens to stay active and independent and continue to participate in community affairs. These developments are supported by the World Health Organisation's Age-friendly cities program.
More: The Fiscal Times article.
WHO Global Network of Age-Friendly Cities
Ageing-led economic recovery as US cities seek older citizens
Most Popular News
Follow Seniors Housing Online:
FREE EMAIL NEWSLETTER