The projections indicate that the top five fastest-growing states between 2000 and 2030 would be Nevada (114 percent), Arizona (109 percent), Florida (80 percent), Texas (60 percent) and Utah (56 percent).

Far from being a drag on consumer spending, seniors have often been the strongest rowers in the boat.

Nonetheless, the authors’ assessment of the adequacy of economic preparation for retirement is much more optimistic than similar research. They point to the Center for Retirement Research at Boston College, for instance which finds that 51% of working age households are at risk of not being able adequately fund their retirement, a finding the authors are quick to discount.