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Week of July 3rd- Retiring Baby Boomers May Shift Suburban Debate on Taxes, Social Services

July 3, 2016

Baby Boomers rule the ‘burbs. The generation born between 1946 and 1964 grew up in suburban homes, raised their families in suburban neighborhoods, and soon, plans to retire in the same communities in large numbers. By 2035, the number of people aged 65 and over is projected to explode from 48 million to 77 million, according to the U.S. Census Bureau.

These shifting suburban demographics portend a major upheaval around government services and taxes, according to an article published by the Pew Charitable Trust. Boomers who were happy to pay school taxes when their own kids were enrolled are now fighting for enhanced senior services, exemption from school taxes, and more accessible transit systems.

This is happening at the same time millennials, now the largest group of homebuyers, are looking to start families and buy their first homes in the suburbs.

Clashes between older populations and younger transplants in suburbs will only become more and more frequent as boomers age and advocate for the city services and suburban infrastructure that will best meet their needs.

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