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John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Are You a "Metro Mover"?

August 27, 2015 12:24 am

According to Census data, nearly 20 percent of all movers in the United States and Puerto Rico, or about 8.5 million people, have moved to a different metropolitan area in the last year. These “metro movers” are relocating from metro area to metro area, with the majority moving between metros within the United States. A fraction of movers–approximately 25,000–moved from a metro area in the United States to a metro area in Puerto Rico.

Movers relocating between the metro areas of Los Angeles and Riverside, Calif. and the metro areas of New York and Philadelphia were among the largest migration flows.

“Nine of the top 10 metro migration flows were moves to nearby metro areas, with the largest flow of about 90,000 moving from the Los Angeles metro to the Riverside metro area,” says Kin Koerber, a demographer with the Census Bureau’s Journey-to-Work and Migration Statistics Branch. “Movers who left the New York City metro area for the Miami metro area were the exception, with about 22,000 people making this move.”

According to the data, just over five percent of the U.S. population, or 16.7 million people, now live in a different county within the U.S. than one year earlier.

Source: U.S. Census Bureau

Published with permission from RISMedia.


Future Retirees to Retain Lifestyle with Social Security

August 26, 2015 12:18 am

Regardless of generation or ideology, Americans are putting stock in Social Security. According to a recent AARP survey, 80 percent of respondents plan to rely on Social Security, either substantially or somewhat, in retirement, and approximately one-third (33 percent) of respondents plan to rely on Social Security almost exclusively during their retirement.

Why the dependence? Over 80 percent of survey respondents consider it extremely important to have the ability to live independently in their home for as long as they want, and 80 percent want to ensure self-sufficiency so their children or other relatives won’t have to support them financially.

Challenges when preparing for retirement are also a contributor factor, with nearly 70 percent of survey respondents citing current financial obligations as an obstacle to saving. Almost half of respondents say they don’t have enough money left over after paying bills to save, and about 40 percent say they faced a major health issue in their family that has hindered saving.

Social Security has consistently found favor with the majority of Americans over the last 20 years. According to the survey, 66 percent of respondents, many of which are adults under age 30, say Social Security is one of the most important government programs.

Source: AARP

Published with permission from RISMedia.