Are Retirees Reshaping Where Americans Live?

Recently we posted an infographic showing that for the first time in American history, older people are projected to outnumber young people. Now comes a recent story in the Wall Street Journal (and posted on Realtor.com) showing that, according to their analysis of numbers from the U.S. Census Bureau, Americans are relocating to retirement hot spots around the country and returning to suburbia.  The numbers point to a growing population (up 2%) in federally designated retirement destination counties over the past year – representing nearly three times the annual rate of the national population growth.

“Almost three-quarters of a million Americans during that period moved into one of the 442 counties that the Agriculture Department tags as retiree spots…..The figures are a fresh sign that the nation’s 74 million baby boomers—those born between 1946 to 1964—have dug out from the 2007-09 recession that locked many of them in place when home and stock values plummeted.”

Click here to read the full story on Realtor.com.