Forget warmer climates – more baby boomers are retiring near their adult children to help care for grandchildren, according to 40 percent of respondents in a recent Mayflower Movers Insights survey. Watch a brief video here:
What’s more, half of Americans believe boomers are needed in the same towns as their children and grandchildren, compared to five years ago.
This is largely due to the increase in two-income households where both parents work and need assistance with their children, one in five respondents said. This complements the results of a recent Bureau of Labor Statistics survey, which found that nearly 60 percent of all U.S. families with children under the age of 18 had two working parents.
Additionally, one in four millennials, or those age 18 to 34, have moved back to their hometown in the past five years. Their primary motivation? Being closer to family, friends and significant others. Just 18 percent of millennials said they were moving back home to help care for family members. Seventeen percent would consider moving back home to settle down and start a family.
Source: Mayflower
This is largely due to the increase in two-income households where both parents work and need assistance with their children, one in five respondents said. This complements the results of a recent Bureau of Labor Statistics survey, which found that nearly 60 percent of all U.S. families with children under the age of 18 had two working parents.
Additionally, one in four millennials, or those age 18 to 34, have moved back to their hometown in the past five years. Their primary motivation? Being closer to family, friends and significant others. Just 18 percent of millennials said they were moving back home to help care for family members. Seventeen percent would consider moving back home to settle down and start a family.
Source: Mayflower
