27 Feb '13, 2am

Only 3% of UK retirees want to live with their kids #PR

Although most Britons nearing retirement prefer to live close to their children, very few would like to spend their twilight years living in the same house with them, according to a recent HSBC report. Globally, 56 percent of women surveyed said they would be happy to live near their family upon retirement, while it was 44 percent for men. But in the UK, living within close proximity doesn’t equate to living under the same roof as only three percent of respondents from the country said they would like to live with their children in the same house upon retirement. “Compared to other parts of the world such as Asia or southern Europe where multigenerational living is common, here in the UK we’re not so keen to adopt ‘Royale Family’ style living in our golden years,” said property expert Danny Silver. Moreover, 70 percent of respondents were worried about not having enough mo...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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