Development of boomer typology and data review The Boomer typology outlined in Section B of this scoping study is intended as a starting point for discussion. Some are more robust and meaningful than others, and some may still cover a level of diversity worthy of further disaggregation. Drawing upon the Census and other key data sources (see Table 6), trend analysis can be carried out to identify whether - and if so, how - the nature and behaviours of the Boomers entering retirement demonstrate distinct characteristics from previous generations, beyond their sheer size . We can also start to gain an indication of the relative size of each of these indicative types across the Boomers as a whole. Table : Data Review Source Measures of interest include: Age reporting/cohorts ABS Census Dwelling size/bedroom count (for 2011) Single, by 5 year, by 10 Household Growth at the LGA/SLA level Sample size: universal year grouping to Tenure 115 Type of landlord Household structure (couples, with children, living alone) Household incomes Previous residence 1 year/5 years ago Migration: in flows by age cohort, outflows, net movement Housing, Income and Satisfaction with home (living space, 15-24, 25-34, Labour Dynamics in 45-54, 55-64, number of bedrooms, comfort, distance Australia (HILDA) 65-74, 75+ from public transport, access to services used, housing needs in general) (Annual waves, Satisfaction with safety longitudinal panel) Sense of community Satisfaction with neighbourhood Sample size: Approx. Preference to continue living in current 8000 area Bedroom count Tenure Landlord Rent costs Mortgage payments, amount outstanding, overpaying, year expected to pay off Survey of Income and 15-24, 25-34, Household wealth Housing (SIH) 55-64, 65-74, Household net worth 75+ Household characteristics of net worth Biannual (02, 04, 06, 08, groups 10, 12) Main source of income (wage, pensions, allowances etc, by age cohort. Sample size: Value/type of assets and liabilities held, Approx. 18000 including property, by age cohort (09-10)
Development of boomer typology and data review The Boomer typology outlined in Section B of this scoping study is intended as a starting point for discussion. Some are more robust and meaningful than others, and some may still cover a level of diversity worthy of further disaggregation. Drawing upon the Census and other key data sources (see Table 6), trend analysis can be carried out to identify whether - and if so, how - the nature and behaviours of the Boomers entering retirement demonstrate distinct characteristics from previous generations, beyond their sheer size . We can also start to gain an indication of the relative size of each of these indicative types across the Boomers as a whole. Table : Data Review Source Measures of interest include: Age reporting/cohorts ABS Census Sample size: universal Dwelling size/bedroom count Household Growth at the LGA/SLA level Tenure Type of landlord Household structure (couples, with children, living alone) Household incomes Previous residence 1 year/5 years ago Migration: in flows by age cohort, outflows, net movement (for 2011) Single, by 5 year, by 10 year grouping to 115 Housing, Income and Labour Dynamics in Australia (HILDA) (Annual waves, longitudinal panel) Sample size: Approx. 8000 Satisfaction with home (living space, number of bedrooms, comfort, distance from public transport, access to services used, housing needs in general) Satisfaction with safety Sense of community Satisfaction with neighbourhood Preference to continue living in current area Bedroom count Tenure Landlord Rent costs Mortgage payments, amount outstanding, overpaying, year expected to pay off 15-24, 25-34, 45-54, 55-64, 65-74, 75+ Survey of Income and Housing (SIH) Biannual (02, 04, 06, 08, 10, 12) Sample size: Approx. 18000 (09-10) Household wealth Household net worth Household characteristics of net worth groups Main source of income (wage, pensions, allowances etc, by age cohort. Value/type of assets and liabilities held, including property, by age cohort 15-24, 25-34, 55-64, 65-74, 75+
housing_in_the_baby_boom_generation.docx