Most people have heard about Long Island getting grayer. The combination of greater longevity and other powerful economic, social and geographic trends will leave Long Island with a far larger over 50 and over 65 population in the decades to come.
There hasn't been a lot of thinking and talking about what this will mean to Nassau and Suffolk, including to our overall economies.
Enter Martin Cantor, in collaboration with Paul Arfin. Cantor is director of Dowling College's Long Island Economic and Social Policy Institute; Arfin is president of Intergenerational Strategies.
In preparation for Friday's Roundtable for Long Island's Future, usually at Dowling but this time held at Newsday, Cantor and Arfin produced a white paper on "The Aging of Long Island: A Crisis in its Infancy." The report is sobering, about how the older population, including aging baby boomer, could lead to large economic and sociological problems.
Here's the whole paper:
http://www.dowling.edu/liesp/papers/AgingLI.pdf
--Noel Rubinton
Comments (1)
Senior citizens are a boom to long island. They pay real estate taxes in the tens of thousand of dollars and have no children in the system and spend a good part of their retirement down south. They continue paying NYS Income Taxes and again, spend up to six month a years in a southern state.
DON'T ROCK THE BOAT.....I'M ABOUT TO MOVE DOWN SOUTH FULL TIME BECAUSE OF ALL THE PRESSURE THAT THE STATE PUTS ON SENIORS WHO PAY AN INCREDIBLE AMOUNT OF TAXES. WE SHOULD BE GETTING TAX INCENTIVES TO REMAIN IN A DETERIORATING STATE.
Mike B