Fed:
upstate NY cities could be stressed by aging boomers
By MICHAEL HILL | Associated
Press Writer 4:14 PM EDT, September 4, 2007
ALBANY,
N.Y. - Aging baby boomers in upstate New York will likely place
a concentrated demand for services in cities and older suburbs already
facing financial challenges, according to a Federal Reserve report
released Tuesday.
The
65-and-over population is projected to increase by 40 percent in
upstate areas from 2005 to 2030 _ part of a national trend that
is expected to increase the need for government-aided services ranging
from health care to social welfare programs, particularly in and
around the region's largest cities, the Buffalo branch of the Federal
Reserve Bank of New York reported.
"In
upstate New York, high-needs seniors tend to be concentrated in
metropolitan areas, cities and suburbs with sluggish economic and
population growth," according to the report.
The
four major metropolitan areas upstate _ Albany, Buffalo, Rochester
and Syracuse_ each reported a higher percentage of older residents
in the 2000 census than the national average. Demographers who have
studied the trend believe it reflects an aging population coupled
with a "brain drain" of younger residents to other parts of the
country.
The
Fed report notes that those metropolitan areas also have a relatively
high concentration of older adults likely to rely on services _
that is seniors who are either disabled, poor, living alone or over
age 74.
Looking
at where seniors live in upstate New York, researchers found that
older suburbs, which experienced most of their growth before 1960,
have the highest percentage of people aged 65 and over: 18.2 percent
in the 2000 census. The study suggests this is because families
with children tend to settle in newer suburbs farther from city
centers. While the region's cities have a lower concentration of
seniors _ 12.3 percent _ they still have a relatively high proportion
of high-need seniors, according to the report.
The
Fed researchers said that having to increase senior care could be
a challenge in those older suburbs and inner cities because many
of the areas already face an eroding tax base and infrastructure
in need of repairs.
"In
many upstate New York communities, where the increasing demand for
services and infrastructure takes place in an environment of fiscal
stress, local governments will likely face difficult decisions,"
according to the report.
Bill
Ferris, New York state lobbyist for the AARP, said the Fed study
did a good job sketching out the challenges government faces in
the future. He added that any remedy _ be it tax credits or respite
care _ would need to address the spouses, children and other caregivers
who provide the majority of senior care. "There needs to be a focus
on the individuals who prove the majority of long-term care services
in the state, and that's the family caregiver," Ferris said. |