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Ruby & Alice
All major surveys of individuals in the 55+ age range show the same results. The vast majority plan to continue to age in place in their current home. Numerous surveys indicate that given the choice 80%-85% of Americans would prefer to stay in their current home. The reasons for this are varied; 50% say their current home meets their lifestyle, 40% site the financial benefits of the mortgage paid off, and 37% want to leave their home as an inheritance.
If you are one of those individuals, the question becomes how do you age in place successfully. To do this you must consider areas such as home safety, medical needs, transportation and services, community involvement and activities.
Interesting Statistics About Adults 55+
Downsizing doesn’t always mean smaller
-
Many 55+ movers are not downsizing square footage, but instead:
- Reducing stairs
- Seeking one-level living
- Prioritizing accessibility and location
The 55+ population is rapidly growing
- By 2030, 1 in 5 Americans will be age 65 or older.
- Adults 55+ are the fastest-growing segment of the U.S. population.
55+ homeowners control a large share of housing wealth
- Homeowners 55+ control over 60% of U.S. home equity.
- Many own their homes outright or with very low mortgage balances.
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