A report by retirees aged 55 and up conducted by Warren & Associates has just reiterated the fact that attracting retirees is key to strengthening its economy.
The reports stress that retirees have yearly per-capita incomes exceeding those adults between 18-55 years; which illustrates how they have the means to buy more expensive homes and consumer goods and a subsequent boost in property and sales tax revenues.
The other added benefits retirees bring to an economy, according to the report are: Medical clinics, restaurants, and interestingly it found other such businesses tend to move into areas with a large number of retirees.
The most significant benefit is municipalities do not crowd schools or worsen commuter-traffic problems. So, there you have it. I only hope the special interest groups understand the stats and come to realize how adult aged communities will bring new life to our county.
