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Boomers Increasingly Likely To Age in Place
Met Life / May 31, 2013
A new survey from Met Life of the oldest baby boomers—people born in 1946—finds this group even more likely than they were five years ago to keep living where they are rather than move as part of retirement.
- More than half (52%) of oldest Boomers (and their spouses) have fully retired, up from 19% in 2007 and 45% in 2011.
- 86% of the oldest Boomers are currently collecting Social Security benefits- of those, 43% started collecting earlier than expected.
- Most are now empty nesters, but have more grandchildren (average of 4.8 up from 2.6 in 2008); 13% are caring for parents or relatives.
- The majority (82%) rate their health as good to excellent. They won’t view themselves as “old” until they reach the average age of 78.5.
- More than half of the oldest Boomers feel their generation is leaving a positive legacy for future generations.