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AARP tracks "Boomer Flight"; Says Many Retirees Will Leave NYS

Sep 9, 2014
Originally published on September 9, 2014 10:41 am

Many Baby Boomers plan to leave New York State as they retire, and take a slice of the state's economy with them.

That's according to AARP, which surveyed over 400 registered voters over 50.

Sixty percent said they're likely to go elsewhere in retirement. AARP associate state director Bill Armbruster says they would take an estimated $105 billion or more of annual spending away from New York.

"Because when they leave, that money leaves, too,” Armbruster said. “That's money that goes into jobs, the economy, employee compensation, taxes. That's money that really needs to stay in our state."

The AARP statewide survey showed that 56 percent of Baby Boomers are extremely or very worried about paying property taxes.  51 percent are concerned about utility bills and most are looking for improvements in health care, housing, transportation and jobs for older residents.

The organization will be releasing more localized data for the Rochester area next month.

Armbruster said, “"We're hoping this really starts a broad dialogue in the state that we need to look at this and address these issues."

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