During the pandemic, many people distanced themselves from loved ones to protect their health. Families told grandparents to stay away from their grandkids, especially when schools reopened, as visiting children exposed to illness at school posed a significant risk.
Now that the pandemic has passed, many grandparents want more than ever to be near their grandchildren again. To make up for that lost time. But how are they getting that “Grandparent Wish?” The data tells us many are moving to make sure they’re getting more quality time.
Grandparents Are Moving To Be Near Loved Ones
Recent data from the National Association of Realtors (NAR) shows people between the ages of 55 and 74 are moving farther (more than 100 miles) than any other age group (see graph below):
The average age of grandparents in the U.S. is 67 years. The logical leap is that at least some of the people who are moving the furthest are grandparents. But what’s prompted them to sell their real estate properties and relocate so far?
The same report from NAR shows the top reason people move is to be closer to loved ones (see graph below):
Based on this data, it’s fair to say many grandparents are getting their wish for more quality time with their grandchildren by moving closer to them. And after experiencing isolation and loneliness during the COVID pandemic, that’s especially good.
If you’re a grandparent, you know how vital your grandchildren are. And you may be willing to sell and move just to be closer by.
As Vance Cariaga, a journalist at Go Bank Rates, explains:
“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 shows grandparents are moving further to be near their grandchildren. If you have grandchildren of your own, maybe you can relate. When you decide to be closer to your loved ones. Let’s connect with the best realtors in Chicago, so you can have real estate professionals’ advice.
