During the pandemic, lots of folks had to keep their distance from family, especially grandparents and grandkids. It was a health precaution, especially when schools reopened, to avoid risking the kids' health.
With the pandemic behind us, grandparents are eager to spend more time with their grandkids. How are they making it happen? Data shows many are relocating for more quality time.
Grandparents Are Moving To Be Near Loved Ones
New data from the National Association of Realtors (NAR) reveals that folks aged 55-74 are relocating over 100 miles more than any other age group.
The typical age for grandparents in the U.S. is 67. So, it's reasonable to assume that some of those moving long distances are grandparents. What's driving them to relocate so far away?
The same report from NAR shows the top reason people move is to be closer to loved ones (see graph below):
This data suggests that many grandparents are fulfilling their desire for more time with their grandkids by relocating closer. This is particularly important after the isolation and loneliness of the COVID pandemic.
As a grandparent, you understand the value of your grandkids, and you might be ready to sell your home and relocate just to be closer to them.
““Never underestimate the power of grandchildren – especially when it comes to lifestyle and financial decisions. Recent data shows that many baby boomers are relocating further away from home than they used to so they can be closer to their grandbabies.””
Bottom Line
The data reveals that grandparents are moving far to be with their grandkids. If you're a grandparent and understand this, when you're ready to be closer to your loved ones, let's get in touch.
