Out-of-state retirement slows down

Aging Baby Boomers who dreamed of retiring in the sun near Florida beaches or Arizona deserts have hit a speed bump: the bad economy.

The number of Americans ages 55 to 64 who moved toSun Belt states since the economy began to tank has declined dramatically, according to a USA TODAY analysis of Census data released Tuesday.

The slowdown is part of a continued drop in the mobility of all Americans. Only 11.6% — 35 million — changed residence from 2010 to 2011, the lowest rate since theCensus Bureau began collecting the statistics in 1948. In the mid-1980s, more than 20% were moving each year.

Read the whole story HERE

visit us at: RetiredResources.com

Comments are closed