Every 8 seconds a a Baby Boomer retires… and some become ruppies
Posted by: in Your Businesssays MSNBC.com
And in a new book titled Nextville, Barbara Corcoran speaks about where we will be retiring. One group of retirees is heading back downtown. They’re tagged as “ruppies”(retired urban professionals) . For example, I know a couple who left their beautiful home in the country, with landscaping, and flowers and trees, to live in a condo in the city. Now, it isn’t a very huge city (Cedar Rapids, Iowa), but it certainly is a far cry from the country. Then again, no lawn to mow, no snow to shovel. They’ve a lovely view of the Cedar River…and the local convenience store. In the summer, they can walk to the Saturday a.m. farmer’s market… but not to a real grocery store. They both work in town, so they certainly are saving on gas money, and these days, that might be enough to pay the mortgage on that condo.
Would you move downtown? Not me. I spent too many years working downtown. I want to be able to let the dog out in the yard, and watch the birds at the birdfeeder. And I want to be able to plant a garden. Anyone out there want to be a ruppie?
Tags: , baby boomers, retirement, ruppies
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