> "Buy a home, pay it off, then downsize to generate funds for retirement" is a pretty widespread approach.
[citation needed]
> The majority of retirees don't relocate. A 2015 analysis (the most cited historical data) from the U.S. Census Bureau’s American Community Survey showed that only about 5% of Americans age 55 and older move annually (local or long-distance).
[…]
> A more recent study, from Hire a Helper, showed that in 2024, only 22.7% of all retirees (both new and existing) moved, compared with 25.3% in the year before.
And of the half that say they are moving, half (25% of total) "want their next home to be the same size as their current one, and 22% want it to be larger".
[citation needed]
> The majority of retirees don't relocate. A 2015 analysis (the most cited historical data) from the U.S. Census Bureau’s American Community Survey showed that only about 5% of Americans age 55 and older move annually (local or long-distance).
[…]
> A more recent study, from Hire a Helper, showed that in 2024, only 22.7% of all retirees (both new and existing) moved, compared with 25.3% in the year before.
* https://www.kiplinger.com/retirement/retirement-planning/myt...
Lots of folks say they want/plan to downsize though:
* https://www.usatoday.com/story/money/2019/05/21/home-buying-...
And of the half that say they are moving, half (25% of total) "want their next home to be the same size as their current one, and 22% want it to be larger".