Friday, May 25, 2018
Business

Tampa Bay may be the No. 1 major metro for seniors but lots of cities are catching up

Read the newspapers. Watch local TV news. You would think Tampa Bay was awash in 20-somethings. We pepper our stories here with references to millennials and emerging hip downtowns hoping to cater more to younger workforces and their urban tastes.

Nothing wrong with that. It is accurate. But the additional truth is Tampa-St. Pete is still ground zero for the gray hairs. We'd better embrace it.

Tampa Bay's population over 65 years old numbers 18.7 percent — just under one in five residents — making this metro area the oldest among 53 major metros in the United States. So note leading demographic experts Joel Kotkin and Wendell Cox in a recent Forbes analysis. That percentage has even grown from a few years ago when those over 65 here represented 18.2 percent.

No other large metro area had a higher percentage of seniors then. None has a higher number now.

Welcome to the aging of America, an experience Tampa Bay is previewing ahead of everybody else in a country where the national metro average for over-65's is 13.3 percent.

Sure, Tampa Bay may have lots of older folks. But we are not on the latest top 10 list of the fastest aging cities, the up-and-comers with increasing percentages of seniors. Those cities include Atlanta, Raleigh, N.C., and Las Vegas.

Some of these cities might seem unlikely candidates to be aging quickly. Denver? Austin, Texas? Odd as it sounds, these hot spots of youth are now attracting the elderly. Both metros are in the top 10 areas that are aging most rapidly.

"Virtually every part of America will become more senior-dominated, but some more than others," Kotkin and Cox state. Citing census projections, the duo forecasts that by 2050 the number of Americans over 65 will almost double to 81.7 million. Their share of the overall population will also rise to 21 percent from roughly 15 percent now.

Metro areas that, like Tampa Bay, already have high populations of folks over 65 are getting a good preview of some of the impact America as a whole will experience in the next few decades. Other cities whose populations already skew older include Pittsburgh (18.3 percent are seniors), Tucson (17.7 percent), Miami (17 percent) and Buffalo (16.7 percent). Others like Cleveland; Rochester, N.Y.; Providence, R.I.; and Hartford, Conn., are not far behind.

Why are some places aging faster than others? Seniors are drawn to places that tend to cost less. They are motivated to move closer to children. Many others — think Rust Belt cities — stay right where they are thanks to inertia, cultural ties or a lack of money. As younger people move away from such metro areas, the percentage of seniors who remain inevitably rises.

With close to 10,000 baby boomers still turning 65 every day, they've got to live somewhere, right?

Contact Robert Trigaux at [email protected] Follow @venturetampabay.

Comments
Is the Lightning’s Jeff Vinik the best owner in professional sports?

Is the Lightning’s Jeff Vinik the best owner in professional sports?

Hope of another Stanley Cup has dissolved, and soon the ice will follow. Yet even if sorrow is the price of devotion, the true hockey fans will still buy in when the next season comes around.That concept may not be unique to Tampa Bay, but it does se...
Published: 05/26/18
Five members of 69ers motorcycle gang indicted on federal charges

Five members of 69ers motorcycle gang indicted on federal charges

Last year three members of the 69ers Motorcycle Club gang were implicated in the execution of a rival gang leader in the middle of rush hour traffic in Pasco County.Now those three and two other 69ers members have been indicted on federal charges tha...
Published: 05/25/18
With makeover, ZooTampa at Lowry Park takes a page from the theme parks

With makeover, ZooTampa at Lowry Park takes a page from the theme parks

TAMPA — Behind the construction walls near the carousel at ZooTampa at Lowry Park, hammers, saws and power drills made a racket in the blazing Friday heat. A raft full of 100-pound water jugs took test trips on the new Roaring Springs ride set ...
Published: 05/25/18
U.S. news outlets block European readers over new privacy rules

U.S. news outlets block European readers over new privacy rules

LONDON — U.S. news outlets including The Chicago Tribune, The Los Angeles Times, The Orlando Sentinel and The Arizona Daily Star abruptly blocked access to their websites from Europe on Friday, choosing to black out readers rather than comply with a ...
Published: 05/25/18
Tampa Electric appeals OSHA findings for October accident

Tampa Electric appeals OSHA findings for October accident

TAMPA — Tampa Electric Co. is appealing a recent citation by federal regulators. The Occupational Safety and Health Administration hit the utility with a $76,050 fine and a "serious" violation in April following its investigation into an accident in ...
Published: 05/25/18
Fiat Chrysler recalls 4.8 million cars, warning owners: Don’t use the cruise control

Fiat Chrysler recalls 4.8 million cars, warning owners: Don’t use the cruise control

Associated PressDETROIT — Fiat Chrysler is recalling 4.8 million vehicles in the U.S. because in rare but terrifying circumstances, drivers may not be able to turn off the cruise control. The company is warning owners not to use cruise control until...
Published: 05/25/18
Federal Reserve chairman warns his agency must be free from political pressure

Federal Reserve chairman warns his agency must be free from political pressure

Associated PressFederal Reserve Chairman Jerome Powell warned Friday that the Fed’s independence from political pressure must be respected if it is to succeed in controlling inflation, maximizing employment and regulating the financial system. His re...
Published: 05/25/18
Restaurants like Ford’s Garage use the experience to get you in the door

Restaurants like Ford’s Garage use the experience to get you in the door

Tim Butler’s first car was a Ford Model A pick-up truck — a pearl fawn and cherry red pick-up he got his senior year in high school from his dad, who renovates antique cars. That’s why as Butler waited for a table at the Ford’...
Published: 05/25/18
St. Petersburg man fined $507,513 in penny stock scheme

St. Petersburg man fined $507,513 in penny stock scheme

TAMPA — A St. Petersburg man was fined $507,513 and permanently barred from participating in the offering of a penny stock in a case involving a scheme to manipulate the price of Aureus, a penny stock company incorporated in Nevada, officials said Fr...
Published: 05/25/18
Broadcom’s CEO tops highest-paid list with a $103 million payout

Broadcom’s CEO tops highest-paid list with a $103 million payout

Times staff and wiresNEW YORK — Chief executives at the biggest public companies got an 8.5 percent raise last year, bringing the median pay package for CEOs to $11.7 million. Across the S&P 500, compensation for CEOs is often hundreds of times highe...
Published: 05/25/18