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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