Preparing for the Retirement Boom: Aging Populations
2011 | Download
As baby boomers start retiring in large numbers, this important demographic shift will create significant consequences, both good and bad for local governments. This paper discusses what local governments must do today to get ready for this imminent demographic transition.
Eighty million boomers (born between 1946 and 1964) will be retiring from full-time employment in the U.S. economy during the next two decades. This significant demographic shift should compel local governments across the United States to facilitate community-based planning and services in order to promote healthy and vital aging in their communities. The numbers are dramatic.
A community-based planning process to prepare communities and regions for the baby-boomer transition should integrate a number of areas: housing, mobility and transportation, supportive services, employment, lifelong learning, and community engagement.
In addition to involving its own departments, other public and nonprofit agencies, and business organizations in a vital aging and planning process, local governments must, of course, engage the boomers who are transitioning from full-time employment to their next life phase. As conversation starters, conveners, and facilitators of this planning process, local government leaders need to be mindful of several key considerations.