Mar 12, 2012

More Americans retiring close to home

"...Relocation in retirement often brings cross-country or big north-south moves to mind, but very few seniors actually go very far. In 2010, just 1.6 percent of retirees between age 55 and 65 moved across state lines, according to an analysis of U.S. Census Bureau data by Richard Johnson, director of retirement policy research at The Urban Institute.

And even among retirees who do move across state lines, migration patterns have shifted in recent years, Johnson says. In 1990, more than one in four retirees between age 55 to 65 who did relocate across a state line moved to Florida. Seven of the top 10 cities for migrating retirees were in the sunshine state. Florida remains the most popular destination, but it only attracted one in seven of retirees between 2005 and 2010..."


Read more at Reuters

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