Monday, December 1, 2008

BABY BOOMERS ON THE MOVE TO THE AREA

The Baby Boomers are looking to our area for a place to stay. Not only is this a great place for retired military to settle down and call home. Others have found the panhandle of Florida to be a great place, as well. Below are some thoughts in the minds of this generation on what they expect for the retirement home.

BOOMERS ON THE MOVE -

At least one in four baby boomer generation couples and individuals expect to move to a more age-appropriate home in their retirement years, according to a study by Opinion Research Corporation, commissioned by AARP. Most boomers say they would like to stay in their current home for as long as possible, but many feel they will most likely move to a more suitable residence in the future. Most of those who expect to move will be looking for a better home for retirement living. Many will be seeking a better climate, and perhaps a home that's closer to family members and friends, the study noted.More than half of boomers (age 45 to 64) plan to move into a one level home. Older boomers are significantly more likely than younger boomers to want a single level home. And about half of them will be seeking a smaller home. Interestingly, boomer men are more likely than women to believe they will move into a home located in a warmer or better climate. Boomer women are more likely than men to think they will move into a smaller home, probably with an eye toward reduced housekeeping responsibilities."While boomers will reflect the patterns of earlier generations and mostly age in place, the sheer number of boomers will increase demand for a whole variety of home and community options," said Elinor Ginzler, senior vice president of AARP. The number of persons age 65 and older is expected to grow to 70 million by 2030.

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