Maybe the biggest decision you’ll make in retirement is deciding where to live, and part of that decision will involve whether to buy or rent a home. Although owning a home usually makes the most financial sense, a growing number of seniors are choosing to rent in retirement.
Renters ages 65 and over rose by 2.4 million between 2013 and 2023, according to U.S. Census Bureau data cited in a new study by Point2Homes. That represented a 30% increase and marked the largest growth of any age group by a wide margin.
