- Lifestyle Trends
Remember when retirees headed in droves to the Sun Belt? No more.
Recent retirees seem to prefer aging in place, caring less about the weather and more about staying in their homes, close to their friends, family and community. City dwellers are also reluctant to give up cultural and entertainment opportunities. Overall migration from large cities fell on average by over 40% from 2007 to 2008. The recession is likely to compound the trend, but it’s far from the biggest factor.
The change presents problems for cities and states in some regions. Many aren’t equipped to provide the housing and services that older people need. Look for a realignment when the economy picks up, creating business opportunities from retrofitting homes so they’re senior friendly, to leisure and health care services.
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