Get ready for a flood of retirees. With 74 million members, baby boomers are the largest generation on record to retire. And if they follow previous generations, retirement will prompt them to want to move. Many will head to warmer climates, but they’re also—unlike previous generations—in search of more active lifestyles too, looking for social and recreational opportunities, nearby restaurants, and shopping.
“It’s going to be a tsunami when [all] the baby boomers retire,” Ken Gronbauch, a demographer at KGC Direct in Bonita Springs, Fla., told realtor.com®. “The Southern states are going to get hit so hard. Florida’s population is going to explode.”