Fargo, ND (WDAY TV) – Apartment buildings are filling up with more grey haired residents than ever before.
Apartment List an online publication says there are 34% more baby boomers renting today, than in 2007. Around 11.8 million boomers now call apartments home.
Some say the boomers are looking get some extra cash for the golden years by selling a home that has appreciated in value, and others say it’s because they want a worry-free lifestyle.
“It’s a way to let go of some of the hassle and move into a newer building that has all kinds of neat amenities, that are appealing to people,” said Brian Arett, Valley Senior Services.
While more boomers are renting, Millennials are still considered the rental generation.