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Sign into your accountDownsizing to Downtown: Boomers Hitting the Road
August 14 2017
We've talked about Millennials seeking the work, live, play mantra as they locate to communities. Ironically, Baby Boomers have similar lifestyle preferences with walkability to entertainment and amenities as their core preferences.
The Wall Street Journal recently published "It's OK to Party When You Turn 60." According to the article, more people are celebrating age rather than lamenting getting older. Also, 4.3 million babies were born 60 years ago. There are now more Baby Boomers than ever turning 60, with an approximate rate of 491 per hour.
For Baby Boomers, an active economy is a leading driver when considering a move to urban living. They tend to downsize to communities where there are part-time job opportunities as well as nearby shopping, dining, healthcare, and recreational activities.