Economic Development > All Economic Development > CRD-0073

Establishing a Retiree Attraction Program in Your Community
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Pages / Length: 14
Publication Date: 06/10/2007

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.