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Gen X Leaving Cities for Retirement Hotspots in Florida and Texas

share-iconSaturday, January 11 comment-icon1 week ago 6 views
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businessinsiderBUSINESSINSIDER
Gen X Leaving Cities for Retirement Hotspots in Florida and Texas

Credited from: BUSINESSINSIDER

  • Analysis of Census data shows a significant migration of Gen Xers to retirement-friendly counties in Florida and Texas from 2020 to 2023.
  • Counties favored by retirees saw a 5.1% growth in the Gen X population, compared to the national growth rate of 1.6%.
  • Factors such as a strong stock market, remote work options, and low mortgage rates during the pandemic influenced this trend.
  • Lee County, Florida experienced the highest increase, gaining over 10,500 residents in the Gen X age group.
  • This migration pattern reflects shifting demographics, with Gen X providing economic boosts to local economies in these new areas.

For the full article, visit Business Insider.

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Gloria Terra

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