The Evolving Preferences of Generation X in Retirement Living

As Baby Boomers transition into retirement, the spotlight is now turning to Generation X, the cohort born between the mid-1960s and early 1980s. In 2025, the first wave of Gen Xers will hit the milestone age of 60, and their preferences for retirement living are shaping up differently than previous generations. A recent survey by PulteGroup reveals intriguing insights into the desires and expectations of this independent-minded generation.

A Desire for Multigenerational Living

A striking 62% of Gen X respondents expressed a preference for living in communities that foster a mix of different generations and life stages. This inclination toward multigenerational interactions starkly contrasts with the 38% who would rather reside among their peers. Among those aged 53 and older, the desire for diverse community experiences rises to an impressive 66%.

This trend indicates that Gen Xers value the vibrancy and dynamism that comes from living alongside people of various ages. It reflects a broader cultural shift towards inclusivity and shared experiences that can enrich lives at every stage.

Readiness for Retirement: A Mixed Bag

While many Gen Xers are keenly contemplating their retirement, the survey reveals a significant divide in attitudes. A substantial 73% of respondents indicate readiness for retirement, split among those who feel prepared to retire in a few years (39%), those already retired (19%), and those who are ready to retire now (15%).

However, the fact that 27% of those surveyed believe they will never be ready to retire is equally notable. Financial uncertainties, boredom, and a strong sense of fulfillment from their work are the primary reasons driving this sentiment. These findings highlight that while many are eager for a new chapter, substantial barriers prevent a large section from moving forward.

Financial Concerns: A Significant Barrier

Among the 27% who feel unprepared for retirement, financial concerns weigh heavily. These worries, cited by 34%, reflect a broader trend of financial insecurity that many face. The ups and downs of the economy have left a lasting impact, causing many to question their financial readiness for retirement.

Additionally, the fear of facing a mundane and uninspired life post-retirement is prevalent. About 20% of respondents express fears of boredom, while another 20% emphasize the importance of finding fulfillment in their work. This paints a picture of a generation that not only seeks financial security but also craves purpose and engagement in their lives.

Shifting Community Development: Responding to Gen X Needs

In light of these preferences, companies like PulteGroup are rethinking their approach to retirement communities. Historically, the Del Webb brand catered to the 55+ age demographic, but the current desires of Gen X are prompting a pivot. The company is now exploring options for age-restricted communities that allow for younger residents, creating environments that resonate with the essence of multigenerational living.

This shift indicates a growing recognition in the housing market that the next generation’s expectations are evolving. As they step into retirement, Gen Xers are likely to seek not only physical homes but also vibrant communities that reflect their social values and lifestyle choices.

A Cultural Shift Towards Community and Inclusivity

The preferences expressed by Gen X underscore a broader cultural shift towards communal living and a more interconnected society. The desire to live among diverse age groups signals a rejection of the isolated, age-segregated lifestyles that have defined past generations.

This inclination toward inclusivity not only has implications for retirement communities but also for how future generations may approach living arrangements. Emphasizing shared experiences, collaboration, and understanding across different life stages may redefine community planning for decades to come.

Understanding Gen X: The Trailblazers of Change

As Generation X prepares to embrace retirement, their unique perspectives serve as a call to action for developers, community planners, and policymakers. By understanding their preferences, there is an opportunity to create environments that foster connection, purpose, and diversity.

With their independent spirit and innovative ideas, Gen X is not just ready to retire; they’re poised to reshape what retirement living means for generations to come.