Retiring boomers already hurting Iowa economy

The loss of retiring baby boomers has already begun to restrict Iowa’s economy, a problem that will only grow over the next decade, a new report shows.

"We’ve acted like it’s a problem that’s five years down the road, but it’s happening right now and it will accelerate over the next 10 years," said David Swenson, an economist at Iowa State University, who released a report Wednesday looking at the economic impact of population trends, such as retiring baby boomers and the out-migration of young workers.

Written by
Donnelle Eller

Full Story: http://www.desmoinesregister.com/article/20130313/BUSINESS/303130086/Retiring-boomers-already-hurting-Iowa-economy