Baby boomers moving to cities, hipster neighborhoods

Aging “hipsters” in their 50s and 60s are moving into apartments and condos in young, hip city neighborhoods across the U.S. to eschew the housekeeping duties that come with owning suburban property and to get a dose of “energy and life,” the Wall Street Journal reports. Among the data the journal cited was a Redfin study that revealed that more than 1 million baby boomers had moved to within five miles of the downtowns of the nation’s 50 largest cities from 2000 to 2010.

Source: Wall Street Journal