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Research Articles

U.S. Boomers′ Lifestyle and Residential Preferences for Later Life

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Pages 255-262 | Received 02 Apr 2015, Accepted 05 Nov 2015, Published online: 24 Oct 2018
 

Abstract

The purpose of this study was to identify U.S. Boomers′ lifestyles and their future housing preferences, and to examine the relationship between the lifestyles and future housing preferences. A total of 403 usable data were collected through an online survey using a self-administrated questionnaire. Factor analysis and structural equation modeling were used to analyze the data. Four Boomers′ lifestyles (the Beautiful Home, the Economical, the Engaged, and the Family Centric) and four housing preferences for later life (the Supportive Housing, the Apartment Rental, the City Townhouse, and the Country House) were identified and the significant relationships between lifestyles and housing preferences were found. The results of this study provide a better understanding of U.S. Boomers′ future housing preferences for their later life according to their lifestyles. This study has several implications for housing development, management and marketing.