Economists say that if this imbalance is not corrected, it will result in higher labor costs, lower-quality education, and a poor-functioning state government. The article also addressed concerns around housing and long-term care:
Steve Norton, executive director of the New Hampshire Center of Public Policy Studies, noted that a dearth of two- and three-bedroom homes in his state is forcing young, first-time buyers to compete with empty-nesters who are downsizing.Read the article: https://www.centralmaine.com/2014/11/18/maine-neighboring-states-confront-aging-challenges/
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