Tag Archives: aging population

Aging Workforce and Health Care Employment

There’s a common perception in economic discussions that an aging population – often defined as a growing population of retirees – drives health care employment, which sounds logical. In a general sense, the health care services and age have a “u-shaped” relationship – people need the health care industry the most at the beginning and the end of their lives.

Median-age-and-healthcare

Source: Idaho Department of Labor

This topic is especially important for Idaho as it has become a popular destination for retirees and is one of the nation’s fastest aging states. Low cost of living, bountiful recreational activities and a tax system favorable to retirees have often been cited as the reasons for this. Whatever it is that brings retirees to Idaho though, it is certain that they are indeed moving to Idaho in large numbers. Idaho has ranked in the top 10 among all states for the fastest growing retirement populations for several years.

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