May 2011 – Data from the US Census shows that many Baby Boomers who have finally been able to retire and sell their home have chosen Virginia as their new location. Over 14 percent of the population in Roanoke, VA are seniors, compared to the 12.2 percent for the rest of the U.S.
This is the start of the ‘Age Wave’, the largest age group of the US population who transition from full-time workers to retired. The status and needs of this age group change greatly when they are no longer part of the workforce. Demand for different medical needs are a key point in the ‘Age Wave’. An adult in the age group from 22 to 45 may have similar medical needs, but when the 45 year old reaches 65, the medical needs change greatly.
The Florida Gulf Coast is expecting a rise in relocating Baby Boomers due to the low cost housing in 2011, but the increase in new residents may take years before it is measurable.