As people reach retirement age, what is the most likely housing choice they would make? Assume they are moving to a new geographic area.

Question

Quizplus · Accepted Answer

As people reach retirement age, they often prefer to move to a house that is close to the city bus line or other modes of public transportation. This makes it easier for them to get around without having to drive. Additionally, they may want to be close to amenities such as shopping, healthcare, and entertainment, which are typically found in urban or suburban areas. A split-level house with two sets of stairs may not be ideal for older individuals who may have mobility issues, and a large, remote property may be difficult to maintain. A rental apartment may be a good option for some retirees, but many prefer to own their own home in retirement.

As People Reach Retirement Age, What Is the Most Likely