By alenamozhjer @ Adobe Stock
Older Americans are ready to retire away from the city. Is it any surprise? America’s big cities have been turned into crime centers with homeless epidemics and illegal immigrants wandering the streets. Anyone who can escape them is doing so as soon as possible. The outflow of retirees to rural areas has reversed a long trend of urbanization in America. Anne Tergesen and Veronica Dagher report in The Wall Street Journal:
Older Americans are leaving expensive cities and suburbs to retire in the country.
The move to remote mountain and lake areas is helping reverse a long decline in the rural population. From April 2020 to July 2023, the rural counties retirees flocked to grew 4% versus less than 1% for rural America as a whole, said Kenneth Johnson, a demographer at the University of New Hampshire.
Baby boomers often find that their retirement savings goes further and lasts longer in the country, though rural life comes with challenges, too.
Doctors and nurses might be in short supply. Winters can be harsh and grocery stores a long drive away. And shoveling driveways or stacking firewood requires either good health or good help.
Read more here.
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