The attraction of retirees is a relatively new
industry that is rapidly growing in the United
States. The 50+ market is not only the fastest
growing market sector but is also the wealthiest
market sector in the country. Currently, this market
controls half of America’s discretionary income.
Affluent retirees have steady incomes that are not
vulnerable to cyclic economic activity and are used
primarily for discretionary spending. The impact of
this discretionary spending usually occurs at the local
level, leading to increased economic development
and job creation in the community of relocation.