One in four baby-boom-generation households (26 percent) expects to move from their current home in the future, with the majority looking for a single-level home that is more comfortable or convenient, according to a new survey prepared for AARP by Opinion Research Corp.
Echoing past surveys, almost 80 percent of boomers indicated they would like to
stay in their current home for as long as possible. Less than 10 percent said
they would like to stay in their current home but don’t think they will be able
to do so.
Many of those who expect to move will be looking for a better house, a better
climate or a home that is closer to family and friends. More than half of those
boomers (age 45-64) planning to move expect to look for a home that’s all on
one level (59 percent). About half said they will look for a newer home or a
Older boomers are significantly more likely than younger boomers to think that
they will move into a single-level home (68 percent vs. 54 percent of those
planning to move), but age is not the only factor that affects expectations.
Boomer men are more likely than women to believe they will move into a newer
home (61 percent vs. 42 percent) or move into a home in a warmer or better
climate (41 percent vs. 25 percent). Boomer women are more likely than men to
think they will move into a smaller home (54 percent vs. 41 percent).
“While boomers will reflect the patterns of earlier generations and mostly age
in place,” Elinor Ginzler, senior vice president of AARP, said, “the sheer
number of boomers will increase demand for a whole variety of home and
The number of persons age 65 and older is expected to grow to 70 million by
AARP: One In Four Boomers Plan To Move
January 23, 2009