As they begin to retire and their kids fly the nest, the dynamics of the Boomer home are changing. So how much time are they spending there? And how much money are they spending on maintaining it? Canvas8 sat down with Brits aged 50 to 69 to find out how they feel about their homes.
Lore Oxford is a cultural theorist and strategist. She's also the author of Substack column 'Why tho?', where she writes about internet culture and the adoption of Web3.
House prices are soaring, and the average age of a first-time buyer is now 35. Student debt and a highly competitive job market is forcing 36% of Millennials to live with their parents. The Barclays Family Springboard Mortgage has a solution: borrow from the bank of mum and dad.
With people living longer, the demand for retirement housing is growing. Yet there’s a lack of properties designed specifically for the elderly. PegasusLife is looking to offer an alternative, boasting beautifully designed apartments that cater to the physical and emotional health of retirees.
More than a quarter of British companies are set up by people aged 50-65 – with a higher success rate than any of their younger counterparts. But why are so many older 50s taking on challenges and starting new careers, when their parents rejoiced at the thought of retirement?
“I would rather live in a cupboard in Soho than in a mansion in Surrey,” says 50-year-old Vishnia. Urban retirees are embracing life after work as a chance to learn and explore. And owning 80% of the UK's net personal wealth, they can afford to. But what’s driving them to the city?