AARP: Retiring Baby Boomers Leaving NY

ALBANY (AP) -

Many Baby Boomers, born between 1946 and 1964, plan to leave New York as they retire and take a slice of the state’s economy with them, the seniors’ advocacy group AARP said Monday in a report.

The group says its survey shows 60% of working New Yorkers over 50 say they’re likely to go elsewhere in retirement, taking an estimated $105 billion or more of annual spending.

The statewide survey shows 40% worry about paying rent or mortgages, 56% are extremely or very worried about paying property taxes, 51% worry about utility bills and most are looking for improvements in health care, housing, transportation and jobs for older residents.