The number of boomer renters is still small. But there were just 10 million in their 50s and 60s in 2005, and in 2015 there were 15 million. They account for more than half of the nation’s renter growth in the last 10 years, according to Jennifer Molinsky, researcher for the Joint Center for Housing Studies of Harvard University.
She calls it a “dramatic increase,” and a trend that’s likely to continue as the giant generation of 77 million people, born between 1946 and 1964, ages and seeks easy living.
Source: www.chicagotribune.com
There were just 10 million Baby Boomer renters in their 50s and 60s in 2005, and in 2015 the number increased by 50% to 15 million. Boomers account for more than half of the nation’s renter growth in the last 10 years, according to the Joint Center for Housing Studies of Harvard University. It is a trend that is likely to continue as the Boomer generation of 77 million people, born between 1946 and 1964, ages and looks for an easier lifestyle which renting affords.