Getting ready for aging baby boomers in Montana
Reader Comments
| April 24, 2008 |  View for printing |
Annoying as it is to be becoming part of the problem with such unseemly haste, one still must applaud a study on the financial implications of the aging of Montana.
Two interim legislative committees are being asked to authorize a look by Montana State University economics professors into what’s in store as the state’s baby boomers trudge on into codgerhood.
And trudging on they are. According to a 2004 report by the Ninth District of the Federal Reserve Bank, Montana ranked 14th among the states in the population of people at least 65 years old, and census projections have Montana ranking third or fourth nationally by 2020.
Full Story: http://helenair.com/articles/2008/04 ... _080424.txt
Reader Comments:
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Complements to Montana for proactive thinking on this topic. I will look forward to following the study. Particularly interested in assumptions that will be made about the future. The news article makes some very important assumptions about that the babyboom generation will draw more state services than contributes in taxes. I wonder? First according to Pew Research, nearly 3/4 of baby boomers leaving their previous careers to "retire", plan to keep working in new careers. Second, these individuals are funnels for federal dollars that can potentially support Main Street Montana. Third, many of these individuals bring knowledge, wealth and golden rolodexes that can be very important to reiventing Montana economies. The Challenge Montana and all of our states will face is what can be done to transform what could be an economic "bind" into an economic win. In my view, states that figure this out, will be well be well positioned for the next 15 years. bill gillis |
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