Survey: Seniors want to stay put
By HME News Staff
Updated 10:57 AM CDT, Thu September 30, 2021
IRVING, Calif. – A vast majority of American seniors (82%) have no plans to sell their homes, preferring to age in place, according to a new survey from American Advisors Group (AAG).
AAG surveyed more than 1,500 participants ages 60-75.
“Our studies have shown that seniors in this country have a strong attachment to their home and the pandemic only strengthened that bond,” said Martin Lenoir, chief marketing officer. “It’s no secret that many seniors have built substantial equity in their homes after years of ownership, but what is interesting is that very few want to sell their house to obtain that money. For seniors, the comfort, safety and independence of their home outweighs the desire to move.”
Highlights from the survey:
- More than four in five seniors (83%) say they feel safer at home than anywhere else.
- Half (50%) say the COVID-19 pandemic made their desire to live at home stronger.
- Nearly two in three (62%) say they have an emotional attachment to their home.
- More than one-third (40%) say their “independence” is the most important benefit of living in their home.
- Over half (56%) say their home reminds them of their family.
- More than two in three (68%) have told their families where they would like to live for the rest of their lives.
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