Las Vegas: The Destination For Aging Boomers

Nevada is experiencing an influx of new retirees and trying to cope with the surge of sexagenarians.

1 minute read

July 24, 2006, 12:00 PM PDT

By Christian Madera @http://www.twitter.com/cpmadera

"Nevada has the fastest-growing elderly population of any state. The number of Americans over 65 rose by 16.8% between 1990 and 2004, slightly slower than the growth of the population as a whole. In Nevada it rose by 100.5% and in Clark County, which includes Las Vegas, it rose by 122%. It is not only old folk who are flocking to the global capital of glitzâ€"a boom attracts migrants of all ages. But several of Nevada's qualities appeal especially to the silver generation. It is sunny, relatively cheap and there is no pesky state income tax.

Many newcomers have sold their homes in California, bought somewhere equally spacious in Nevada and pocketed enough change to fund their retirement, or so they hope. Las Vegas itself has great air linksâ€"no excuse for children not to visitâ€"and plenty of jobs for the over-50s."

FULL STORY: Of gambling, grannies and good sense

Thursday, July 20, 2006 in The Economist

Community / Economic Development Social / Demographics United States

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