Are Grandparents Moving To Be Closer to Their Grandkids?

Due to the pandemic, a lot of people had to maintain distance from their close ones for health purposes. It was suggested that grandparents should refrain from meeting their grandkids, especially after schools reopened. This was because it was deemed unsafe to visit the grandchildren who might have contracted the virus from school.

Now that the pandemic is subsiding, many grandparents are eager to be closer to their grandchildren again in order to make up for lost time. But how exactly are they fulfilling this “Grandparent Wish?” According to data, many are deciding to move in order to ensure they have more opportunities for quality time with their grandkids.

Grandparents are relocating to be closer to their beloved family members.

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 causing them to move so far?

The same report from NAR shows the top reason people move is to be closer to loved ones (see graph below):

It can be inferred from the data that a significant number of grandparents are fulfilling their desire for spending more quality time with their grandchildren by relocating closer to them. This is particularly beneficial after the COVID pandemic, where many people suffered from isolation and loneliness.

If you’re a grandparent, you know how important 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 it’s time to be closer to your loved ones, connect with me 386-315-4744 and let’s find the best option for you and your family