Seniors and the generation spending gap

Re:Seniors and the generation spending gap by watwut on Wednesday September 10, 2014 @03:32AM (#8295353)

Of course. But, seniors also have harder time to settle on new place where they do not know anybody and do not have support network they need (e.g. people willing to help with small and big things when they need it).

If you force them to move elsewhere, they are likely to end up completely isolated and it is much bigger problem for them then for younger person.

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Re:Seniors and the generation spending gap by jacquesm on Wednesday September 10, 2014 @08:57AM (#8296313)

Yes, it definitely is a tragedy. On the other hand, plenty of soon-to-be-seniors downsize their housing voluntarily before this becomes a problem.

The house you need at 50 when your kids have left is not the house that you needed at 30, it will likely be too big for two anyway.

Traditionally people would move into a place in their mid 20's to early 30's and stay there until they either died or went into care but that is definitely changing.

And property taxes are only a small factor in that, the cost of heating and maintaining (both in money and in labour) as well as walking stairs usually figure in there as well and possibly as larger factors.

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