A report released by the National Institute on Retirement Security (NIRS) found total spending by retirees in the U.S. delivers over one trillion dollars in economic output and sustains more than 7 million jobs based on 2014 data.
Drilling down further, NIRS researchers looked at retiree spending in Colorado and found 41,000 jobs created and $6 billion in economic impact. [Read more about the economic impacts in Colorado from the NIRS Colorado Fact Sheet.]
These findings reinforce Pacey Economics’ results released last year that show how PERA retiree spending supports 29,000 jobs and generates $5.2 billion in economic output in the state.
For more details on the NIRS study:
Download the report here.
Download the PowerPoint presentation here.
Download a report infographic here.
A map with each state fact sheet is available here.
Listen to a replay of the webinar here.
PERA on the Issues posts are written and compiled by the staff of Colorado PERA under the direction of Executive Director Greg Smith and the PERA Board of Trustees.
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