Top News From Today's "Boomiverse”
Developers endure a senior slump as over-55 market hits wall
Michelle Hillman
Boston Business Journal
April 10, 2009
Overview: “Earlier this decade, developers pursued aging boomers with gusto, building hundreds of “active adult” communities across the state. They banked on the assumption that empty-nesters would want to live out their golden years in maintenance-free homes, often complete with clubhouses and golf courses. Now the 55-plus market is glutted with inventory. Some developments are in foreclosure, others are stalled and prices on some units reflect deep discounts, as the expected rush to adult communities has not materialized.”
http://tinyurl.com/cf929a
Redefining retirement: Planners think about future services
Christina Hennessy
Greenwich Time
April 9, 2009
Overview: “It is estimated that there are 78 million boomers in the United States. Born between 1946 and 1964, this group has influenced politics, cultural norms, economics, the arts and music, among other things. Now, as they head toward retirement, the members of this generation will have an impact on how society views the "golden" years, just as surely as they will affect how senior services are delivered.”
http://tinyurl.com/d8q9u3