Staying Close to Home
Diana Heeb Bivona
A recent USA Today article highlights the growing trend among more and more Baby Boomers who are choosing to retire closer to home. An AARP analysis of Census figures from 1990 and 2000 seems to also back this up. It showed that 9 of every 10 Americans 60 and older were living in the same county they’d lived in five years before the surveys were taken; more than three-quarters even stayed in the same house.
Why are Baby Boomers staying put?
- Putting family first
- Cutting costs
- Strong community ties
Developers are beginning to respond to this growing tend as well. They are building socially centered, amenity-filled retirement villages throughout the country, including in urban and rural pockets from Colorado to Philadelphia.
Popularity: 15%