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« Grand Boomers | Main | FH Boom Daily Digest-May 2, 2007 »

FH Boom Daily Digest-May 1, 2007

Top News From Today's "Boomiverse"

Why 50somethings live like 20somethings
Rosemary Bennett
The Times
May 1, 2007

Overview: Bennett reports, “As teenagers they fought for their right to grow their hair, wear what they wanted and explore the possibilities of the contraceptive pill. Now a new study that compares the lifestyle of the over-50s today with that of half a century ago has found that baby-boomers are doing battle with age with equal vigour.” Bennett goes on to say, “Britain's consumer bug has also bitten the older generation, who are energetic shoppers. They also spend twice as much time shopping as their counterparts in the 1950s. Those over retirement age actually spend more time shopping than 16 to 24-year-olds today, at an average of three hours 40 minutes a week compared with one hour 48 minutes.”

http://women.timesonline.co.uk/tol/life_and_style/women/the_way_we_live/article1728924.ece

Steve Kerch: Demand for vacation homes should continue as Boomers retire
MarketWatch
April 30, 2007

Overview: “Despite the housing slowdown, Baby Boomers continue to snap up second homes, making getaway homes exceedingly popular. And that explains why, according to the National Association of Realtors, vacation home sales rose almost five-percent last year. So says MarketWatch real estate editor Steve Kerch. He tells John Wordock this demand for vacation homes should continue for another five to eight years as Boomers prepare to retire.”

http://www.marketwatch.com/tvradio/player.asp?guid=%7B0479D8D6-1A52-4BF0-8C3C-03E952263C0A%7D

Baby boomers living large in recreational property markets across Canada; Upper-end set to soar in 2007, says RE/MAX
Canada NewsWire
May 1, 2007

Overview: Press release announcing, “Luxury recreational property sales are set to soar in coming months as affluent baby boomers drive demand for upscale product from coast-to-coast, according to a report released today by RE/MAX.” Moreover, “The 2007 RE/MAX Recreational Property Report found the top-end of the market stands to gain most from the aging baby boom demographic, as many prepare for their retirement years.”

http://www.newswire.ca/en/releases/archive/May2007/01/c3039.html

Posted by Boomer Daily Digest on May 1, 2007 7:30 AM |

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