I recently received the latest Kiplinger newsletters, among them the Personal Finance Advisor. A front-page article consists of one paragraph, and is replicated word for word below:
“Recent data from the U.S. Census Bureau indicates an interesting trend: More older adults are choosing to live in Delaware. The population of residents age 65 and older has increased by 23% since 2020, the fastest growth rate in the the nation for that age group. Part of the draw might be that newcomers to the state’s beach communities can enjoy a coastal lifestyle without moving far from family and friends elsewhere in the Northeast and Mid-Atlantic. Social Security benefits are exempt from state income tax, and residents 60 and older can exclude up to $12,500 of eligible pension and retirement income from state taxable income. Delaware has no sales tax and low property taxes."
I remember the collective groan that went up from county residents when AARP recommended Delaware as a state to retire to in its magazine several years ago. I will note Kiplinger is a respected and influential business forecasting and financial advice firm whose publications have wide distribution. In the current debate about whether Senate Bill 23 takes away a chunk of local control over growth as a result of an unanticipated consequence, or whether we need more protection of existing county forests, the year-long creation of another 300-page 10-year plan that will be sent to Dover and will be put in an electronic filing cabinet, the fact is that the county is running out of time. We Baby Boomers have not finished retiring, and have the savings to do it. And we are not just coming from nearby states anymore.
Curt Smith
Lewes
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