When it comes to future housing, the Boomer don't seem to want to budge. In an ongoing collaboration between the MIT AgeLab and The Hartford's Advance 50 Team, extensive research has shown that 50% of Boomers want to stay in their current home or "age in place". And while 77% have talked with their partner about future housing, only 29% actually put a plan in place. The study, which involved a phone survey of over 600 individuals age 40 plus, found that health was not the top reason for making a deliberate housing decision. In fact, it was third to job change and retirement.
Based on these findings, The Hartford has prepared Home for a Lifetime, an initiative focused on encouraging Boomers to better assess their current and future living arrangements to ensure a lifetime of well-being. Two free guidebooks, "Modern Ideas, Modern Living" and "Simple Solutions", as well as other resources, are available at www.thehartford.com/lifetime.
AgeLab Director Joe Coughlin and Research Scientist Lisa D'Ambrosio commented on the research and resulting materials in a brief video that can be found here.
A press release on the launching is available here.