SOUTH CAROLINA NO LONGER A SECRET!!

Key Trends in Baby Boomers Moving in “Retirement”

2010 Del Webb Baby Boomer Survey

To move or not to move?

o About 1/3 of Baby Boomers plan to move to a new home during retirement.

o The desire to move during retirement is on the rise as 42% of today’s 50-year-olds plan to
do so as compared to 36% among the 1996 50-year-olds.

Where will you move?

o Approximately 50% of both age groups who plan to move during retirement plan to move
to a different state while about 25% of them plan to move to a different city within the same
state.

o The Carolinas are the New Florida among both the younger and older Baby Boomers.
Florida, Tennessee and Arizona also remain Top contenders.

o 50-year-old’s ranking of where to move: S. Carolina (20%), N. Carolina (16%), Florida
(15%), Tennessee (9%), Arizona (8%), California (8%), and Virginia (8%).

o 64-year-old’s ranking of where to move: N. Carolina (19%), S. Carolina (16%), Florida
(15%), Tennessee (12%), Virginia (10%), Arizona (6%), and California (6%).

So what’s important in deciding where to move?

o “Cost of living” and “healthcare” were the MOST important considerations in selecting a
location for both age groups.

How about age-restricted communities?

o Interest in age-restricted appears to peak after age 50. Of those Del Webbers who are
planning to move again, fully 10 to 1 indicate a preference for age restriction.