New wave of Baby Boomers ready to descend on Florida

From the University of Florida's Bureau of Economic and Business Research

The Sunshine State is about to boom with Boomers.

Between 2010 and 2030, Baby Boomers, born between 1946 and 1964, are expected to descend on Florida in even larger numbers and will increase their standing as the state's largest age group. The reason: They are nearing retirement age, the state's housing prices have become more affordable and Florida's tropical climate remains a draw.

Boomers made up about 23 percent of Florida's 15.9 million population in 2000, according to the U.S. Census Bureau. In 2010, they will account for 27 percent of the 19.6 million people expected to be living here.

"The first of the Baby Boomers are just barely over 60 now, so over the next 10 or 15 years you'll see a real increase in that group," said Stan Smith, director of the University of Florida's Bureau of Economic and Business Research. "Lower [housing] prices could have some impact because historically Florida has been a relatively low-cost place to live but that has been going up in recent years."

New wave of Baby Boomers ready to descend on Florida - Sun-Sentinel - August 4, 2008

More on this topic:

Boomer boom in the Sunshine State - Tampa Bay News- August 5, 2008