Alert Pensioners: We've published CPI calculations for July 2024 & the pension will increase by 1.6% (2.2% for DFRDB/DFRB over 55). See the calculations

For many baby boomers, COVID has highlighted the value of being part of a community.

20 Dec 2021

This story is from 3rd Act's October 2020 edition.

During lockdown some Baby Boomers enjoyed the relative comfort of their homes, while others experienced boredom and isolation without regular activities and social contact.
For many baby boomers, COVID has highlighted the value of being part of a community.

In June 2020, 28% of survey respondents said they were more likely to consider moving into a retirement or lifestyle community as a result of the coronavirus pandemic. The most common reason given was in order to be part of a supportive and helpful community.

Home improvements are likely to have been popular for those planning to continue living in their current homes. No figures are available as yet about for 2020, but research shows that Baby Boomers and Generation X together made up 79% of renovations in 2019.  The key reason for this is people making their homes more comfortable as they age, as well as doing renovations they had not had time to do when they were raising a family.

People aged 60-69 have also been named as one of the two largest groups (the other is Millennials) relocating to regional areas in search of a ‘Tree Change’.  The pandemic may well have brought this into clearer focus.


You may also like...


You benefit from our award-winning investment strategy, a century of experience, and products designed for members just like you.

Read the article: Why CSC

100 years of service

We are still loyally serving Australians today as we have done for a century.

Read the article: 100 years of service

Awards and innovation

We are recognised as global leaders, including in best-practice governance and innovation.

Read the article: Awards and innovation