Last Christmas, I went to Charlotte for some holiday cheer and to see some friends who had relocated to the Queen City. 2017 had been a great year for real estate and with all the articles in Forbes
Boomers Living Out The Golden Years In The Triangle Oct 2017
Yes, we boomers are sagacious disruptors. A fierce combination of our innate sense of practicality and discernment along with our power in numbers, effectively changed society in many ways. From nearly doubling the diaper industry upon birth, as well as other industries and having changed cultural and social values it only makes sense to believe we will change the way we will live out our “golden years.” By the way, we are now making another run on diapers.
According to the research of what we boomers desire in our later years the Triangle region of North Carolina fits all those needs as well as any place in the world. J. Walter Thompson’s 2014 boomer psychographics research indicates
we will volunteer
one tenth will reach age 90
we click - 80% of us use the internet
many of the boomers who intend to work after retirement want a job that gives them a sense of purpose and challenge
and yeah, get this, we are wealthy, we have an estimated $2 trillion in spending power, and we’ll spend it.
“The previous generation moved across state lines 4%. That’s all changed! Harris Polls report 26% of us plan to relocate at retirement,” says, Pat Mason of Carolina Living Magazine.
Data from the UNCA Retiree Motivation Study & Clemson Draper Study chart below of the ranking motivators attracting in-migration retirees strongly matches up to the characteristics, infrastructure and services offered here in the Triangle. Certainly, you’ll agree the Triangle meets all of these motivations and more.
Pat Mason’s Carolina Living Magazine “Lifestyle Survey,” chart below lists the ranking of amenities and activity preferences we boomers want in these “golden years”.
It is no wonder the national residential housing developers (Del Webb, AV Homes and Epcon, to name a few) are flocking to the Triangle to build 55+ Active Adult Communities incorporating many of these amenities. In fact, these communities are thriving because we are changing the way we retire, we are less likely to reside in an Independent Living Community or Continuing Care Retirement Community because we want to “Age in Place.”
The Bureau of Labor Statistics 2012 study says Home Health Care Services is the fastest growing industry in America and will likely to continue to hold that slot. Along with the “aging in place” desire comes the retrofitting of our homes to facilitate aging needs, like wheel-chair accessibility and hand railings.
Although the Cohousing and Pocket Neighborhood residential community concept has been around for a few decades, they are rising in popularity because of the boomers’ desire to “age in place” and the fact that these communities are intentionally designed to foster and welcome relationships to develop and ultimately become each other’s care givers.
There are several Cohousing Communities currently in the area and more incubating in the Triangle today as well as a brand new, one of its kind, Pocket Neighborhood in Clayton.
Aging; everybody’s doing it, boomers do it best! Why because there’s more to these “golden years”.
A native to eastern North Carolina, I moved to the Triangle to attend UNC Chapel Hill in 1979 and loved it so such I never left. I immediately realized the Triangle Area to be truly one of THE BEST pl....
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As a real estate agent, I subscribe to many newsletters and trade publications so I can analyze industry trends and compare them to our local market. As you have read many times before, The Triangle