Numbers show seniors still flocking to the Suncoast

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Posted: Thursday, June 26, 2014 4:26 pm

SARASOTA, Fla. -- New U.S. Census numbers show the nation's population is aging, and they are flocking to the Suncoast.

According to new numbers from the bureau, the median age in Sarasota and Manatee counties is going up. It's all a part of a growing national trend. As the Baby Boom Generation ages, they are in large part retiring to warmer climates.

Tom Esselman, the President and CEO of the Institute for the Ages in Sarasota, says he’s not surprised. "A place like Sarasota is just filled with educational, intellectual, cultural stimulation. And when you combine great weather, it’s one of many sun belt areas that really is a natural attractor for older adults."

The numbers show an increase from 2010 to 2013. For example, in 2012 there were 33,858 adults ages 65-69. In 2013 it increased to 34,676. Ages 70-79 showed increases about the same.

So you might ask: what draws the Boomers here?

"Things like education, mental and physical stimulation, and cultural stimulation; those are the things that as more people come down here, the more they are investing in those things, as well as the restaurants and businesses that go along with them."

And speaking of investing, ABC 7 business commentator Richard Stern, who is the Senior Vice President at R.W. Baird and Company, and a Baby Boomer himself, has some advice. "For those of us who are baby boomers -- and yes I am one, but I am not planning on retiring any time soon -- but for those of us frankly we have lots of different choices, lots of different opportunities; but the key is don’t outlive your assets. So make sure you have control of your spending. Make sure you understand what it is you own and work with a professional that can help you as you age."

As our population grows, so do the number of cars on our roads, meaning Suncoast leaders will likely face more transportation issues in the future.

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