In fact, additional retirees would add stability to the local economy and increase the population balance of the Town's year-round residents. Additional considerations are listed in the table on pages eight and nine entitled Analysis of Benefits and Costs of Proactively Attracting Retirees to Blacksburg. Target recruiting efforts to affluent retirees. Carefully analyze amenity improvements needed by target population. Amount of job growth stimulated by retirement income is similar to that brought by industry.
Many jobs generated by a retirement community are low skill, low pay service jobs.
This may not be all bad in an area where there is a surplus labor supply of low-skilled workers. Retirees provide a ready pool of volunteers for community. Anticipate and provide for eventual need. Fiscal burden of elderly medical care is primarily assumed by Medicare, insurance and the elderly themselves. Federal govt is playing a decreasing role in Medicare benefits for elderly health care.