Six Surprising Retirement Trends You Need To Know

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Six Surprising Retirement Trends You Need To Know

Written By: Jaymi Naciri

Tiny homes. Rockin communities where Jimmy Buffet is your spirit animal. Rockin a strenuous hike minutes from home. Yeah, this is not your Grandfathers retirement.

Long gone are the days when people packed it in and moved to a nice, calm little home for the aging in Florida the day they turn 65. Not only are people working longer today, but they are looking for more out of their retirement - more fun and excitement, more job opportunities, and more opportunity to hang out with family. If youre getting ready to retire, these are the trends youll want to know about.

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And were not just talking about weekly bingo. There is a wave of new retirement communities, most notably Jimmy Buffets foray into a new career path, that cater to a much more active life>


aarp.org

Other developments, like the new 100 million-plusnbsp;Rancho Mission Viejonbsp;in Orange County, CA is being developed "as annbsp;upscale mixed-generation development, with housing catering to older adults integrated into clusters of neighborhoods," they said. "Developments like New Yorks new community center for thenbsp;Morningside Retirement amp; Health Servicesnbsp;MRHS showcase anbsp;renewed focus on active, communal space. A cohousing development for seniors on Oaklands waterfront called Phoenix Commons has been compared to a lsquo;dorm for grownups."

Retiringhellip;but not all the way

Mid-size and larger cities are becoming havens for retirees because, among other positive attributes, they offer thriving job markets. So why would that be important to someone who is getting ready to stop working? Because, increasingly, retirees arent retiring all the way. Or, theyre embarking on secondary careers, often part-time, post retirement. "74 of working Americans plan to work past retirementnbsp;age, with 11 expecting to work full time and 63 expecting to work part-time," said The Street.

Chasing happiness

U.S. New amp; World Reports 2018 list of the Best Places to Retire compared the top 100 metros for their potential as retirement spots, using data including housing affordability, taxes, and access to healthcare facilities. Their overall desirability and average levels of happiness were also key to the rankings. "Several cities in Texas made the top 10," while "three cities in the mid-Atlantic region are highly rated." You can see the entire list here.

Multi-generational living

Multi-generational living is on one of real estates fastest-growing trend. "In 1940, about one-quarter of the U.S. population lived with three or morenbsp;generations in one home. After WWII, American families largely became two-generational, with parents and minor-age children under one roof," said Forbes. "The percentage of households with multiple generations started declining to 21, reaching a low of 12nbsp;by 1980." According to Pew Research Center data, 60.6 million people, or 19 percent of the U.S. population, lived in multigenerational homes, including 26.9 million three-generation households."

In fact, the trend is so pervasive today that builders are increasingly creating highly livable granny flats and tiny homes that can live on family land or in backyards. Theyre also building new construction homes like Lennars Next Gen, which is billed as a "home within a home" and includes "all the features youd expect in a separate unit a kitchenette, single car garage and full bathroom while giving you the freedom to pop in whenever youd like," they said.

Increasing the activity level

"The choice of recreational activities is gradually shifting as the baby boomer generation heads into retirement," said U.S. News amp; World Report. "A recent study by the Physical Activity Council revealed some interesting findings. Activities that are increasing in popularity include camping, bicycling, hiking and canoeing. Activities that are decreasing in popularity include golf, swimming for fitness and working out using machines or weights."

The AARP found that boomers are increasingly migrating to states "with mild climates and recreational options. "A newly >

Following family

Another of todays top trends has retirees moving closer to family. For many grandparents, moving toward their children and grandchildren is "the last chance to focus on family and to leave a legacy of special memories," says Christine Crosby, editorial director ofnbsp;Grandmagazine," to Kiplinger.





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