Ecology of Money

Can You Age in Place?

John F. Wasik

Some retirees search for a smaller home. You don't need as much room as you used to and don't want to be bothered with home maintenance.

But for millions of others, remaining in your current home--oftentimes, your home of many decades--is the preferred choice. Some 90% of retires surveyed say they want to stay put, according to the AARP Public Policy Institute. Staying put may allow you to remain closer to children and grandchildren or involved in your community. Or you may simply not be interested in moving at all.