When considering retirement, Baby Boomers have a different opinion than previous generations. It seems that Florida is no longer the first choice for those looking forward to their golden years. The preferred destinations are North Carolina, South Carolina, Tennessee and Virginia.
The 2010 Del Webb Baby Boomer Survey revealed the following information:
- 42% of today's 50-year-olds plan to move during retirement.
- 20% preferred South Carolina while 16% chose North Carolina and Florida receives 15% of the vote.
- 72% of the younger Baby Boomers feel the need to continue employment after retirement while 14% believe the possibility of never retiring may be inevitable.
The economic recession has changed the retirement plans for many over the age of 55. Savings that would have been used for retirement are no longer there. Downsizing will be necessary but pedestrian friendly communities, trails and public transportation will be high on the priority list when considering retirement destinations. Sprawling subdivisions will give way to a community that supports the urban style of living.
It is certain that the future relocation of Boomers to these areas permits the opportunity to ensure Smart Growth!
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