Retirement Wish List: Study Identifies Features Baby Boomers Want Most
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Post 50s planning for retirement are seeking a haven that offers everything from quality health care to affordable housing, low taxes to recreational and cultural activities, according to an extensive survey released this month by the Consumer Federation of the Southeast. It's the group's first major poll of retirement relocation preferences of the 78 million-strong Baby Boom generation in a decade.
One-third of Baby Boomers are willing to cross state lines to find the features they want most. “Already, thousands of Boomers are retiring every day nationwide,” Walter Dartland, president of the Consumer Federation of the Southeast, said in a statement. “According to this survey, substantial numbers are interested in relocating in retirement. The decisions they make about where they will retire will have a huge impact not only on their families’ finances but on the communities to which they move.”
A community would only need to attract three-tenths of one percent of relocating boomers to add $1 billion per year in new income to its economy, because the size of the generation is so vast, the study noted. For example, some 58 percent of those surveyed plan to buy homes in their new location according to the survey, which polled 1,100 Americans ages 47 to 65 who said they would relocate in retirement, were considering relocation or weren’t sure.
Check out the top 10 most-wanted features below, and vote for the ones that would top your priority list.