As the Baby Boomer generation reaches its peak of 65 years old this year, the question of what the retirement age should be has become a hotly debated topic. With longer life expectancies and changing economic realities, policymakers and experts are reevaluating the age at which individuals should retire.
The growing trend of older homeowners, commonly referred to as “boomers,” choosing to stay in their homes instead of downsizing is becoming a problem for younger families looking to buy their first homes. This behavior is contributing to a housing shortage and driving up prices in many areas. With demographics shifting and the demand for housing increasing, it is crucial to address this issue for the sake of housing affordability and the overall well-being of younger generations.
# The dominance of the baby boomer generation
