BABY BOOMERS FINDING FREEDOM IN RETIREMENT
Within the next five years , Baby Boomers are projected to have the largest household growth of any other generation during that same time period , according to the Joint Center for Housing Studies ( JCHS ) at Harvard University . Let ’ s take a look at why …
In a recent Merrill Lynch study , “ Home in Retirement : More Freedom , New Choices ,” nearly 6,000 adults , ages 21 and older , were surveyed about housing .
Crossing the “ Freedom Threshold ”
Throughout our lives , there are often responsibilities that dictate where we live . Whether being in the best school district for our children , being close to our jobs , or some other factor is preventing a move , the study found that there is a substantial shift that takes place at age 61 .
The study refers to this change as “ Crossing the Freedom Threshold ” - when where you live is no longer determined by responsibilities , but rather a freedom to live wherever you would like .
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