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Hey Kids: Move Out & Move On

Stocks in this article: PHM

BLOOMFIELD HILLS, Mich., Oct. 9, 2013 /PRNewswire/ -- Think parents are depressed because the kids have left the nest? Think again.

(Click here for infographic and data: )

Empty nesters are enjoying better social lives, traveling more frequently and have more financial freedom, according to the most recent Del Webb Baby Boomer Survey from national homebuilder PulteGroup, Inc. (NYSE: PHM).  The survey asked 509 adults age 40-70 throughout the country about their feelings on being an empty nester and the effect it is having on their lives and future plans.

As a whole, nine out of ten empty nesters, defined as those whose children have permanently moved out of the home, indicate they are happy and look forward to more social and personal time now that the kids are gone.  The top responses included:

  • Having more personal time (95 percent)
  • Lower grocery bills and fewer expenses (91 percent)
  • Spending more time with their significant other or dating (85 percent)
  • Going on a dream vacation (80 percent)
  • Socializing with friends (80 percent)
  • No longer attending school-related functions (68 percent)

"As with most transitions in life, when the kids leave the home, many adults have a period of exploration," said Fred Ehle, vice president of brand marketing for Del Webb.  "We see this zest for personal discovery in our own Del Webb communities, where residents are beginning their next stage of life – even before they quit working for good.  They finally have the opportunity for 'me' time to do things that maybe they put on hold during the more active child-rearing years."

Lend a Hand, Not a Room

The empty nesters surveyed were asked what they would rather do if their adult child was facing a hard time with finances – help support them financially or allow them to move back home.  The answer was clear: 68 percent said they'd lend their child financial support rather than allowing them to move back home.

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