Baby Boomers Ponder Their Next Move
As the "silver tsunami" of Baby Boomers facing retirement begins to break, those born between 1946 and 1964 are starting to face the question of where to spend their golden years. Baby Boomers pride themselves for their generation's independent spirit, and they would prefer to maintain this status into old age. Marlys Harris writes that "boomers are adamant that they do not want to live the way elderly people have in the past. That was the message from John McIlwain, senior fellow at the Urban Land Institute in Washington, D.C. 'They think that they are different,' he said. 'They feel that they are entering a second stage of adulthood.'"
So far, studies have shown that boomers prefer to live in the comfort of suburban areas. "A 2009 MetLife Foundation study found that 62 percent of people aged 55 and over say they plan to stay in suburbia." However, Harris claims, moving to urban areas may prove more beneficial for seniors due to easier access to a variety of transit options.
Harris goes on to say that other studies have found that "people over age 65 who no longer drive make 15 percent fewer trips to the doctor, 59 percent fewer trips to shop or eat out and 65 percent fewer trips to socialize. Unable to get around, to buy groceries, make medical appointments, visit the bank and so on, boomers will, like it or not, be forced to move into that nursing home." In other words, giving up a home and a car in suburbia may not seem so bad compared to the alternative. Harris points out that public transit poses its own set of issues for the aging population, but it's a helpful factor to consider when the boomers begin sifting through the choices for where to spend the next chapter of their lives.