A new study from United Income found that most retirees are staying in their homes.
According to MarketWatch, this stems in part from the fact that today’s retirees are, on average, wealthier than any previous generation. This means many are able to avoid downsizing, and can afford to stay in the more vibrant urban areas where they may have raised their children.
“As a group, they do not seem to base their retirement decision on cost of living, weather or crime rates,” the United Income report says. “Staying put and quality of life is increasingly important to retirees as their vitality and bank accounts have increased in value over time.”
