Baby Boomers Not Ready to Retire

Manufactured housing may not benefit in the future from retirees relocating to warm climates. A new study by AARP finds that an early cohort of the Boomer generation likely will dispel the myth that most retirees want to move to retirement havens in warmer climates. Few leading-edge Boomers have plans to relocate (2 percent), or to buy larger (3 percent) or second homes (4 percent). However, a point that could come to benefit the manufactured housing industry is that the survey found 15 percent of adults turning 65 in 2011 planned to move to smaller homes. Otherwise, the survey found that despite weathering a brutal economic recession and on the eve of their 65th birthday, leading-edge Baby Boomers remain characteristically optimistic about their future and pleased with their life choices. Beginning January 1st, approximately 7,000 Baby Boomers will turn 65 each day, and they intend to stay active into traditional retirement years in the workplace and beyond, according to “Approaching 65: A Survey of Baby Boomers Turning 65,” which updates a similar AARP survey done as these Boomers started to turn 60. The complete survey results are available here:

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