Baby Boomers on the Move | Downsizing Real Estate

Senior Couple Running Along Beach

It has been estimated that there are approximately 80 million “Baby Boomers (born between 1946 and 1964) in the U.S. – and another Boomer turns 50 years old every 7 seconds. Approximately 15% of the U.S. population are 65 + years young and by 2030 approximately 20% of the population will be “seniors.” Clearly, huge numbers of Baby Boomers are at or nearing their expected retirement age and many are already taking early retirement… and are already (or soon will be) feeling the pinch of a smaller income. That means that more and more Boomers are going to be thinking about selling their present “too much” home and looking for a less expensive and simpler senior lifestyle.

 

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