CBS News’ Moneywatch reports that a recent survey conducted by the PulteGroup, a national homebuilder, shows many baby boomers expect either their adult children or aging parents to move in with them, according to.
Most don’t view this a financial problem. (It doesn’t get into how they might bear up psychologically.) At the same time, they think they will either remodel or expand their homes to accommodate the change.
Is this an example of baby boomers not being realistic about the money they will need for their own retirement? Moneywatch thinks so.