Brooks Hines Real Estate Report
(to contact
Brooks, click here)

Brooks Hines, Realtor
®
GRI,
ARS, RRES, PA
Remax Exclusive
884 Woods Mill Road, Suite 201
Town & Country, Missouri 63011
Cell: 636-448-5708
Fax: 636-891-8705
brooks@exclusivestlouis.com
www.st-louis-real-estate-online.com
Returning home…Communities struggle to accommodate
'Boomerang' effect of retirees with health problems
going back home in ‘return migration’
USA Today on Thursday examined
"boomerang" retirees -- "seniors who moved away
early in retirement and are returning home" because
they are "lonely, in failing health or want to be
near family" -- and efforts by communities that "are
seeing this return migration of older retirees ...
to accommodate them" (Nasser [1],
USA Today,
2/22).
According to
USA Today, such retirees are
"challenging communities in the Northeast and
Midwest that already are grappling with the needs of
an aging population."
The number of such retirees likely will increase as
the 79 million baby boomers age and their longevity
increases. The
U.S. Census Bureau reports that the
number of U.S. residents ages 80 and older will
increase to 15.6 million by 2025, up from 10.7
million currently (Nasser [2],
USA Today,
2/22).
In addition, a
National Association of Area Agencies on Aging
study conducted in 2006 found that more than "half
of the communities in the country had not begun to
plan for the aging of their existing population,
much less contemplate a boomerang population coming
back in their community," group CEO Sandy Markwood
said. As a result, a number of private companies are
"sprouting to fill the void in public services for
the aging," according to
USA Today
(Nasser [1],
USA Today, 2/22).
Broadcast Coverage
In
related news, PBS' "Nightly
Business Report" on Thursday included a
report on the increasing demand for geriatricians as
the nation's elderly population increases. According
to "Night Business Report," the number of
geriatricians in the U.S. will decline by half in
the next twenty years, based current rates of
retirement in the specialty. The segment includes
comments from Gloria Weinberg, director of medical
training at
Mount Sinai Medical Center, and Leo
Cooney, a professor of geriatric medicine at Yale
University
School of Medicine (Yastine, "Nightly
Business Report," PBS, 2/22). A transcript of the
segment is available
online.