Baby Boomer Generation Making Their Dream Home's Come True
The baby boomer generation is now ready to spend as they approach retirement. Unlike their parent’s generation, perhaps mainly because more are living longer, a large amount of money is being spent on themselves than saved for their children. One particular area where much of their money is being poured into is in home improvements in preparation for their new hobby filled daily lives. Whether it is to build space for cooking or doll making, reverse mortgage is allowing these baby boomers to make their dreams home come true. As a result, sales for home improvements specifically for kitchens and bathrooms are said to have increased 6 percent in the last three years. Many couples are also converting rooms that used to be their children’s rooms into their own private rooms so each can spend more time alone and focus on hobbies.
B.A. in International Affairs from the University of Puget Sound in Washington.