Message 988 of 1194

Boomer Segment of the Population

Did you know this? That Baby Boomers make up 28 percent of the population in the United States? Wow. That is a whole lot of older folks.

A recent study asked people in this age group about their retirement plans. One-third planned to move when they became empty nesters, and over half plan to move when they retire, or by the age of 55. Half of those questioned have no idea where they will settle, whereas the other half were almost equally divided into those who were interested in living in active adult communities (26%) and those who were not (24%).

Of those who favor an adult community, most want to live in a 55+ community that is multi-generational, whereas people age 59-70 do not consider this a priority. One-third are interested in an active-adult community located in an urban area, and another one-third are seeking a more natural setting. Some are seeking smaller communities, or setting more similar to country clubs, and many are interested in living without cold winters. Most Baby Boomers say that when they move they will seek a home that is smaller and is easier to maintain, such as those found in adult communities, or condominiums, where property maintenance is included in the ownership fees.

Interesting statistics, aren't they.
MartiInMexico's profile
Comment deleted by an Administrator
We have been at the same location on 5 acres for 23 years. Now, after 6 years of retirement & traveling several months a year, we are considering selling the place & going on the road full time. We have been saying we need to downsize from a 4 bedroom house to something much smaller, so we figure we will spend a few years on the road & then look for a 2 br, 2 bath with lots less land to take care of.
Old age is a lot differant for our generation than it was for our parents & grandparents. Thank goodness!
faith2's profile

over 2 years ago
DH and I have been in the same location for 20 years, We bought a 2 bedroom condo in the Pacific Northwest about 5 years ago and use it as a rental property right now. The plan is to sell or rent our house out this summer and to hit the road for a couple of years. Faith certainly said it right. This isn't our parents or grandparents kind of retirement.
Laraine's profile

over 2 years ago

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