TIME TO MOVE FROM SUSSEX WHILE YOU CAN

If you want to live longer you might want to consider moving out of Sussex County.

Sussex County where 43 percent of residents are age 50 or older, compared to 31 percent in the other counties in the state is not getting any younger, adding only 200 new residents since the last census only two years ago.

Projections show deaths outnumbering births within the next year or two.

By 2035, Sussex County is expected to have 15 deaths for every 10 births; not very good odds if you are a senior citizen.

 

Advertisements

2 thoughts on “TIME TO MOVE FROM SUSSEX WHILE YOU CAN

  1. Similar demographics are playing out nationwide. Push these trends out 20 to 30 years as the boomer generation dies off

    Boomers currently account for more than half of all consumer spending and 80% of leisure travel, but spending drops off a cliff once people turn 65 and retire. Starting in 2011 more than 10,000 boomers retire every day and that will continue for the next 19 years. What do you think that does to the retail industry? More than 36% claim they have nothing in retirement savings. More than 35% over age 65 rely entirely on Social Security for their sustenance. AARP says that 40% plan to work until they die because they did not plan ahead. Their portfolio’s were decimated, their home values plummeted and the Federal Reserve policies of zero interest rates provides no interest income on what savings they have left.

    There is currently over $87 trillion in unfunded liabilities in social security, medicare and medicaid. These programs are already consuming every dollar the government collects, and the Baby Boom has barely begun to retire. This says nothing about the huge gap in pension fundings nationwide.

    Our heavily indebted, consumer driven country is in for a hell of a ride.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s