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NC State Ag Economist Mike Walden – “Retirees vs. Millennials”

Mary:  This is Mary Walden with economist MW, welcoming you to the economic perspective.   Today’s program looks at retirees versus millennials.  Mike, there’s a battle on-going between the older generation – retirees – and one of the younger generations – the Millennials who today are between 15 and 35.  Why are they going head to head?

Mike:  Summary Answer

  1. Actually it’s a subtle battle over real estate
  2. Both generations are increasing in numbers
  3. Of course, the retirees are finished working, whereas the millennials are starting
  4. And they are competing for where to live, because both prefer higher density apartment or condo living
  5. Challenge for developers is how to meet these diverse demands
  6. Can developments be constructed that appeal to both, or do they need separate developments
  7. Big challenge for both builders as well as tenants
  8. I’m MW

Mary:  And I’m Mary Walden for the North Carolina Cooperative Extension Service