South Florida, which 40 years ago gave birth to senior citizen icons such as the early bird special and condo commando, is a retirement mecca no more, according to new Census statistics released Wednesday.
Broward County lost 4 percent of its 65-plus population between 2000 and 2010, the Census reported, while Palm Beach County gained a modest 9 percent.
Nearly four years after the start of a devastating recession, South Florida’s recovery barely musters a passing grade.
The hiring landscape can boast of only anemic job growth, but unemployment remains near record highs. Real estate prices are bumping along a bottom. Spending hasn’t kept pace with price increases. Only South Florida’s tourism and cargo industries can boast sustained growth.
Oct 7 (Reuters) - Florida just isn't what it used to be for retirees.
Meet Patti Keagy, an American Baby Boomer, who is looking at other possible retirement destinations.
"My mother says her generation and other people that she knew made a mistake. They sold everything and they moved down to Florida," said Keagy, a resident of a Boston suburb.
Milt and Kay Olson spend every Christmas in north central Wisconsin with their children and grandchildren, enjoying a meal together, sharing stories of Christmases past and exchanging gifts. Then they take down the Christmas tree, load up the fifth-wheel trailer and head south to escape the below-zero temperatures and snow.
MIAMI (Reuters) - Florida seniors were so rattled by proposed changes to Social Security emerging in the U.S. political debate that their consumer confidence levels plunged more than that of any other age group in August, an economic survey showed.
And that was before Texas Governor Rick Perry called the popular retirement program a "Ponzi scheme" during last week's debate among Republican presidential candidates.
Florida, once the nation's oldest state, is losing some of its gray.
Thanks to a lull in retiree migration and an increase in working-age adults, Florida has dropped three places to become the fifth-oldest state in the nation, according to census data released Thursday.
GAINESVILLE, Fla. — Increased optimism about making major purchases played a significant role in consumer confidence rising two points in July to 68, according to a new University of Florida survey.
Four of the five components that make up the index increased or remained unchanged. The biggest improvement was in confidence to purchase big-ticket items such as cars and appliances which rose five points to 77.
GAINESVILLE, Fla. — Consumer confidence among Floridians declined for the fourth time in five months — falling to 66 in June — as the U.S. economy continues to sputter, according to a new University of Florida survey.
