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Catering to baby boomers and seniors who've lost savings during the recession, retirement-housing designers and developers are shifting to smaller homes that are more energy efficient and maximize space.
When the financial markets swooned last year, many seniors and pre-retirees had to scale back plans for their golden years. More retirees are looking for value and affordability in what may be the last house they buy.
AARP reported Wednesday that nearly eight in 10 adults have either started to cut back on spending or have started to save more money in the past year, with almost three in four doing so in order to save for retirement.
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