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Your boomer parents are probably living in a house too big for them. They’re frozen in place because of taxes, top economists say

Fortune•Saturday, September 27, 2025 at 8:33:00 AM
NegativeFinancial Markets
Your boomer parents are probably living in a house too big for them. They’re frozen in place because of taxes, top economists say
A recent report highlights that nearly 6 million older Americans are living in homes that are too large for their needs, while many growing families struggle in cramped spaces. This situation is exacerbated by tax policies that discourage downsizing, leaving seniors stuck in homes that no longer suit them. This mismatch in housing not only affects the quality of life for older adults but also limits options for families seeking adequate living space, raising concerns about the overall housing market and community dynamics.
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