Friday, April 28, 2017

Escape with your pension check, the millennials will cover it

Susan Gifford moved last August from Rome, New York, to Garden City, South Carolina, where she lives in a home two miles from the beach. “The weather was the motivating factor, getting away from winter,” the 67-year-old retired teacher said.
Almost 600,000 Americans moved from the Midwest and Northeast to the Sun Belt states last year, the most since 2005, according to Brookings Institution demographer William Frey. Migration is boosting growth along Southeast and Western coasts as well as Nevada and Arizona, reflecting a healthier national economy that has made it easier to re-locate.Retirement centers Myrtle Beach, South Carolina, and The Villages near Orlando were the fastest growing metro areas in the U.S. in the year ended July 1, while a flow of younger workers have led to employment booms in Florida, Georgia and Nevada, all growing at almost twice the rate of the nation.

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