{"id":2862,"date":"2024-03-27T03:59:29","date_gmt":"2024-03-27T03:59:29","guid":{"rendered":"https:\/\/blog.villages.com.au\/?p=2862"},"modified":"2024-03-27T04:00:49","modified_gmt":"2024-03-27T04:00:49","slug":"the-three-types-of-retirement-for-the-baby-boomers","status":"publish","type":"post","link":"https:\/\/blog.villages.com.au\/lifestyle\/the-three-types-of-retirement-for-the-baby-boomers\/","title":{"rendered":"The three types of retirement for the Baby Boomers"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2862\" class=\"elementor elementor-2862\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0b2dda3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0b2dda3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-44d729b\" data-id=\"44d729b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ac7ca17 elementor-drop-cap-yes elementor-drop-cap-view-stacked elementor-widget elementor-widget-text-editor\" data-id=\"ac7ca17\" data-element_type=\"widget\" data-settings=\"{&quot;drop_cap&quot;:&quot;yes&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>T<strong>his is the first generation of retirees to have witnessed their parents grow old.<\/strong><\/p><p>This generation of retirees also has more money than ever before. Mid-50\u2019s Boomers have seen a 14% wealth increase ($153,335) with their wealth rising since 2012 from $1.086 million to $1.24 million.<\/p><p>Not only does the average Australian household aged over 55 have a net worth exceeding $1 million, but, due largely to rising property prices over the last few years, it is also seeing the fastest wealth increases.\u00a0<\/p><p>This is why, since the end of COVID-19 lockdowns, there has been a big demand for over 50s independent retirement living and land lease communities, with their prices about 35% below the suburb\u2019s median price.<\/p><p><strong>There are now three types of retirees<\/strong><\/p><p>Some people stay in the workforce post-retirement age, either because they cannot afford to retire yet or they enjoy the routine and camaraderie.<\/p><p>Others in the retirement cohort see their lives differently. They want to be more involved with their families, their children, their grandchildren. This is where a retiree may sell their three- or four-bedroom home and move into an independent living apartment nearer their family to be of assistance. \u00a0<\/p><p>The third set are those you see coming off the cruise ships. They too may have sold their home, moved into a \u201clock and leave\u201d retirement village or land lease community, and see retirement as a new beginning.<\/p><p>The message?<\/p><p><strong>There is a retirement living option to suit all seniors, regardless of your retirement plans.<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>This is the first generation of retirees to have witnessed their parents grow old. This generation of retirees also has more money than ever before. Mid-50\u2019s Boomers have seen a 14% wealth increase ($153,335) with their wealth rising since 2012 from $1.086 million to $1.24&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"categories":[18,70],"tags":[],"class_list":["post-2862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","category-retirement"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/comments?post=2862"}],"version-history":[{"count":4,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2862\/revisions"}],"predecessor-version":[{"id":2867,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2862\/revisions\/2867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/media\/2863"}],"wp:attachment":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/media?parent=2862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/categories?post=2862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/tags?post=2862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}