The real estate market has been roaring back from the Great Recession for years now and 2017 was no different. More specifically, the housing market among those 55 and better has been setting records, which comes as no surprise when you consider strong performance of the housing market and the increasing number of Baby Boomers reaching retirement age. Because of this, we’re not only seeing strong indicators that the market is currently healthy, but also that it will remain healthy for a long while.
For most of the 20th century, phonograph records, particularly vinyl LPs and 45s, were unquestionably the most loved and popular format for one’s favorite albums and songs. At one point, nearly every household had at least a modest collection of LPs and singles along with a turntable and, just maybe, a set of decent headphones. Then, of course, there were the enthusiasts who arranged their whole living room around their quadraphonic hi-fi and would endlessly fiddle with knobs and adjustments.
Many think of technological advancements as a one-way street, forever onward and upward. To be sure, once clever new bits of tech like answering machines and boxes of neatly arranged punch cards have likely been relegated to the scrapheap of history for good. There are, however, some bits of technology that hold on long past the expiration dates set by experts in the field and, in some cases, even the manufacturers of the products themselves. Whether it’s nostalgia of the users, the timelessness of their designs, or some people simply rediscovering technology of days past, some technology is frankly too good to simply fade away. What follows are bits of tech you’ll undoubtedly remember from your youth that have experienced surprising second acts in their long lives.
Half of all Americans retire between the ages of 61 and 65, while 18% retire even earlier, according to data from the LIMRA Secure Retirement Institute. And by the age of 75, 89% of Americans are fully retired from the workforce. Many Americans decide to put off retirement by a few years because they want to add to their nest egg to live comfortably or they didn’t start saving early enough to build a solid retirement fund. Although some Americans struggle with determining when to retire, other retirees from around the world are leaving the workforce at different ages. Read on below to find out some of the retirement ages from around the world.
55places.com is pleased to announce its annual list of the 25 best value active adult communities for 2017. With hundreds of 55+ communities across the country, this list shows that living in a luxurious active adult community is attainable without burning a hole in your retirement fund. These communities feature resort-style amenities, beautiful homes, and prime locations that many retirees seek. Check out 55places.com to see which communities give you the biggest bang for your buck.
With 1.2 million Baby Boomers living in the Bay Area and the four-county Sacramento region as of 2015, it’s no surprise to see more developers targeting this demographic and building new active adult communities to meet the growing demand. Check out 55places.com to see why retirees can't get enough of Sacramento.
Over the years, active adult communities have evolved to accommodate the ever-changing needs and lifestyle of today’s Baby Boomers. Recently, developers have been keeping up with the latest trends to give a variety of Boomers what they want in 55+ communities. From massive Jimmy Buffett-themed active adult developments like Latitude Margaritaville and traditional 55+ communities like the original Sun City in Arizona to “ageless” communities in urban settings where Millennials and Baby Boomers co-exist, no community is ever alike because not all Boomers are alike.
Taylor Morrison, a leading national homebuilder and developer, recently conducted a survey in cooperation with Wakefield Research that showed more homebuyers want outdoor living spaces and are willing to sacrifice indoor home square footage to get it. According to the survey, about 56% of homebuyers would sacrifice a larger home to obtain a bigger yard.
Summer Camps aren’t just for kids anymore. More and more retirees are signing up for adult summer camps, which are becoming a popular trend among the Baby Boomer crowd. According to a report from MarketWatch, about a quarter of the 2,400 camps affiliated with the American Camp Association now offer adult-only programs. While many of these summer camps are geared toward adults of all ages, there is an increasing number of camp programs that focus on active adults.