The Economic of an Aging Population

In the 2000 Census, some 470,000 of Connecticut’s 3.4 million residents were 65 or over. What do you think that population is now? Projections by the Connecticut Commission on Aging predict a 64% increase, which means somewhere north of 800,000 residents. Or nearly 25% of all residents. That doesn’t bode well for municipalities depending on an active workforce sustaining a vibrant commercial real estate market.