![Sample our Built Environment journals, sign in here to start your access, Latest two full volumes FREE to you for 14 days]({"type":"image" , "src" : "/sda/5926/TOC-Subject-Sample-2021-Built-Environment.jpg"})
Abstract
A decrease in housing values and retirement funds due to the recent 2009 U.S. recession has baby boomer-led households to experience an increased housing cost burden. By employing the 2009 American Housing Survey, the authors examined U.S. baby boomer householders’ housing and demographic profiles in the distressed economy, and revealed the relationships between the profiles and housing affordability levels (N = 16,092). A research model was developed to test hypothesized relationships between housing affordability levels (the dependent variable) and demographic and housing characteristics of the U.S. baby boomer householders. The model was supported by the rejection of the null hypothesis. Significant variables influencing housing affordability levels of U.S. baby boomer householders included education, geographical locations (region and central urbanicity), government income assistance, marital status, race/ ethnicity, sex, amenities, age of house (year built), neighborhood rating, structure size, structure type, and tenure. This study highlights present and future housing and financial challenges of U.S. baby boomers.
Additional information
Notes on contributors
Sung-jin Lee
Sung-jin Lee (corresponding author) is Assistant Professor of Housing Research in the, Department of Family and Consumer Sciences, North Carolina Agricultural and Technical State University, Greensboro, NC.
Mira Ahn
Mira Ahn is Assistant Professor in the School of Family and Consumer Sciences, Texas State University, San Marcos, TX.