Baby Boomers Staying Put

According to The Demand Institute, Baby Boomers – the post World War II generation – are not moving from the suburbs to cities, are not selling their homes in favor of renting, and are not planning to move away from family to warmer climes. They are staying put (“aging-in-place”) for a variety of reasons, a major one being that many lost a considerable portion of their retirement wealth.

The report added that, rather than down-sizing many are looking to increase the size of their homes snd insist on remaining near children and grandchildren.

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