Posted To: MND NewsWire
Oh those Baby Boomers. Even as they age they don’t retire, at least not from the public stage. This week those over age 55 were the subject of Freddie Mac’s Insight report. Freddie Mac Chief Economist Sean Becketti says the conventional wisdom is that Boomers, those born from the time World War II ended through 1964, are like Peter Pan, they refuse to grow older , not retiring but launching instead second and third careers, shunning senior centered communities in favor of aging in place or moving into center cities. “It seems like,” he says, “you have to be a lot older these days to be a senior citizen.” Thus, he says, Boomers remain important. When it comes to housing those over age 55 make up a quarter of the population but control roughly two-thirds of single-family home equity. Despite…(read more )