A Merrill Lynch Retirement Study shows reasons retirees choose smaller homes.

The burgeoning tiny house and micro-apartment movements, which generally describe accommodations smaller than about 400 sq. ft., are sometimes seen as young person’s trends.

MarketWatch correspondent Catey Hill looks to correct the perception with this analysis, tapping in to Merrill Lynch Retirement Study data as a support to her conclusion that tiny is a growing trend among older, more discretionary home buyers as well. She writes:

Smaller homes can give seniors “more disposable income and the ability for many to comfortably survive within their Social Security means and/or part time work,” says consultant Erik Blair, a tiny house advocate. “The number one reason to get into a tiny house: You can save 70% or more of your recurring cost of living.”

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