Retirees Consider Climate Risks When Choosing Retirement Destinations
As retirement approaches, many older adults begin to consider where they want to spend their golden years. For Melissa and Guy Hoagland, both retired physicians in their 60s, the decision of where to settle down was heavily influenced by climate change. The intensifying droughts, wildfires, hurricanes, and storm surges in both Northern California and the Southeastern coastline prompted the couple to sell their homes in those areas and seek out a safer place to live.
After briefly residing in San Diego, where they faced climate risks such as drought and rising sea levels, the Hoaglands decided to move to Asheville, North Carolina in 2022. Their decision was based on extensive research into climate data, including projections of rising temperatures, availability of fresh water, and the northward expansion of tropical diseases.
The Hoaglands are not alone in considering climate change when choosing a retirement destination. A growing number of older adults are taking climate risks into account when deciding where to live. Real estate agents and experts have noted that retirees are increasingly looking for communities that are less likely to experience extreme weather events like wildfires, droughts, and flooding.
For example, David Dew, a real estate broker in Virginia, has seen an increase in retired clients expressing concerns about weather patterns and seeking out safer areas to live. Waterfront properties in less flood-prone areas are becoming more attractive to retirees looking to avoid the risks associated with coastal living.
Research conducted by the University of Pennsylvania found that home sales in areas with higher vulnerability to sea-level rise experienced a decline in sales volume and prices between 2013 and 2018. This trend indicates that buyers are becoming more aware of climate risks and are adjusting their purchasing decisions accordingly.
Extreme weather events can be particularly dangerous for older adults, who are more likely to have chronic medical conditions and disabilities. Studies have shown that older adults are at a higher risk of heat-related illnesses, respiratory issues from wildfire smoke, and other health complications exacerbated by climate change.
As the population ages and sea levels rise, the intersection of an aging population and climate change poses significant challenges for coastal communities. The Hoaglands’ experience highlights the importance of considering climate risks when choosing a retirement destination and taking proactive steps to protect oneself from the impacts of climate change.
In conclusion, as climate change continues to impact our world, it is crucial for older adults to consider the potential risks associated with their chosen retirement destination. By conducting thorough research, seeking out safer communities, and budgeting for climate-related expenses, retirees can better prepare themselves for the challenges posed by a changing climate. The Hoaglands’ story serves as a reminder that climate change is a reality that affects us all, regardless of age, and taking proactive steps to mitigate its impact is essential for a secure and sustainable retirement.