ERIC Number: ED317911
Record Type: Non-Journal
Publication Date: 1989-Nov
Reference Count: N/A
Financing Retirement: Rural and Urban Preferences.
McFadden, Joan R.; Makela, Carole J.
Current income and anticipated income are important considerations in people's preretirement planning for when and where to retire. Community characteristics, suitable and affordable housing, utility costs, and natural resources may be weighed when decisions about where and when to retire are under consideration. If pre-retirees are to carry out their housing and location choices, the adequacy of potential retirement income is important. If income is inadequate, housing expenses may become a burden and housing equity may be needed as income to meet current expenses. This study examined the financial retirement planning of subjects (N=5,662) who preferred to retire in rural and urban areas. Subjects preferred to live in counties with middle-sized cities, least preferring counties with very large or very small cities. Those who preferred counties with larger populations expected to have more financial income sources, on average, than those who preferred to retire in counties with smaller populations. The respondents preferring mobile homes anticipated the fewest income sources; those who preferred recreational vehicles anticipated the next fewest. (ABL)
Publication Type: Reports - Research; Speeches/Meeting Papers
Education Level: N/A
Sponsor: Cooperative State Research Service (USDA), Washington, DC.
Authoring Institution: N/A