News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Craig Webb / REMODELING / May 31, 2013
A new survey 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.
The poll in late 2012 of 1,003 of the so-called “oldest boomers,” including 447 who also were surveyed in 2007, found 82% aren’t planning any future moves. That’s up from 75% in the 2007 survey, conducted at about the time the housing market collapsed. Survey results have a margin of error of plus/minus 3.2 percentage points.
“Of the oldest boomers who did more orRead More
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.