Elderly as an asset

Normally, we hear stories about the coming demographic crisis of the greying of the population. The implication is that the elderly are a drain on resources and productivity. But here is a story in the Wall Street Journal about a possible change in approach by Maine (State’s New Trick: Old Dogs):

State officials say they are a real asset. They volunteer, help pay for schools without using them and create demand for everything from medical services to home repair.

And they contribute to the work force. Part of that is free labor in the form of volunteers. But the story also has examples of older entrepreneurs.
Now, there is a long history of luring retirees as an economic development strategy — mostly in the south and west. But for the most part, they expect the retirees to just spend money. So it is good to see someone at least beginning to take the view that the elderly can be assets.

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