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Recognize the ASSETS

Mature adults are Florida’s greatest social and economic assets.  The “baby boomers” are reaching retirement age, and the needs of Florida businesses and elders will significantly impact the elements included in the future of community planning and development.  Statistics show:

  • Elders hold 75 percent of all bank accounts, and while Florida’s elders and snowbirds spend nearly $3 billion dining out, their purchasing power equals more than $55 billion a year in groceries and household supplies alone.
  • Floridians age 60 and older are more likely to own the home in which they live than are seniors nationwide, and are responsible for 40.2 percent of the owner-occupied housing in Florida. The average Florida retiree contributes an estimated $2,000 more in revenue then he or she consumes in public services, according to the U.S. Census Bureau’s 2005-2007 community survey.
  • Florida elders remain committed to their families. The number of seniors stepping up to raise their grandchildren has increased by more than 6 percent since 2006, keeping them involved in a wider range of economic activities to meet the needs of their grandchildren.

Visit Employ Florida Marketplace – Silver Edition, the state’s online career resource for the 50-plus demographic, for additional information on elders in the workforce. Also, please visit the Senior Community Service Employment Program (SCSEP) page.

Benefits | Change

Contact Janine Harris, Communities for a Lifetime, Community Relations Manager at
850-414-2373 or to find out how you can become a community partner.

Last updated: 05/21/2010
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