Baby Boomers Likely to Stay Put or Upsize, Not Downsize
A new survey compiled by The Demand Institute found that Baby Boomers are very happy to continue living right where they are, thank you very much. And if they do move, they’d prefer to upsize rather than downsize.
A previous report by Harvard University’s Joint Center for Housing Studies and the AARP had suggested that boomers would be likely to move into homes with features more accommodating to aging individuals, though this new survey paints an opposite picture.
“This survey simply reflects what people are telling us their plans are,” said Jeremy Burbank, vice president at The Demand Institute. “In some cases, they’re planning ahead and being realistic, and in other cases, they’re not.”
Image via flickr/Laurie Avocado
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