Empty Nesters


  • Individuals with grown children that no longer live in the same residence. For real estate purposes, empty nesters tend to down-size and purchase smaller homes when children move out.

older adult, 50+

Alternate Spellings
Empty Nest

Related Terms and Acronyms

  • Active Participant Definition,
    • Actively enrolled in an employer's retirement plan.
  • Bedroom Community Definition,
    • A suburb in which most residents commute to the city to work.
  • Registered Retirement Savings Plan (RRSP) Acronym, Canada, Very Important,
    • A savings plan introduced by the federal government to encourage Canadians to save money for retirement. The investment and the interest earned on it is sheltered: it will not be taxed as long as it is left in the plan.
    Tax deferred investment contribution used to reduce income tax.
  • Reverse Mortgage Definition, Important,
    • A loan that allows an older homeowner to convert built-up equity into cash. The loan comes due when the owner dies, sells the house or moves out.
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