Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Poll: Boomers Make Family a High Priority When Planning Retirement Homes
Nov 4, 2011
 Printable format
 Email this Article
 Search

Most baby boomers - 73% - want to live near family during their retirement years, far more than the 27% who prefer to live in a community with "friends of your own age," according to a new poll from LifeGoesStrong.com and the Associated Press.

Other findings of the poll:
• only 23% of boomers say it's very likely that they will move out of their current area when they retire
• but only 40% of boomers expect that they will stay in their current home throughout their retirement
• 67% say it is very unlikely that they will move out of their current state
• only 13% say there is a good chance that they will move across state lines

Of those likely to buy a home, their key reason is to get into:
• A smaller home: 43%
• A different climate: 30%
• A more affordable home: 25%
• A home closer to family: 15%
• A home in a retirement community: 12%

Of the boomers who've had children leave the house:
• 47% have converted their rooms to other uses
• 51% left the rooms as they were

Those who remodeled their new spare rooms turned them into:
• guest bedrooms: 58%
• home offices: 39%
• craft rooms: 28%
• entertainment rooms: 15%

43% of boomers still have children living at home, and 49% of those boomers plan to convert their rooms to other uses when they leave.

One reason for making the conversions: 76% prefer friends and family stay at their home when visiting, while only 23% think they ought to stay in a hotel.

Back to Daily News

 

Daily News

...........................................................

Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows