From the patterns I've seen there are roughly two buckets of people. Some get ahead of this when they're still quite young, embrace "retirement" and "downsizing", etc. This makes the switching costs worth it - they're paying to start a new deliberate life.
And others just want to stay in their same home they know and love even as they slow down and do less and less. I myself feel I'm going to be in this latter camp, and I don't know what I'd do differently to change that.
I wrote another comment elsewhere in this topic about the lack of multi-generation households, and I feel that is directly part of the problem here too. Of course it's a very tall ask to expect your kid(s) to stick around in the American individualist culture. Although the economics of this might change with where we're headed...
And others just want to stay in their same home they know and love even as they slow down and do less and less. I myself feel I'm going to be in this latter camp, and I don't know what I'd do differently to change that.
I wrote another comment elsewhere in this topic about the lack of multi-generation households, and I feel that is directly part of the problem here too. Of course it's a very tall ask to expect your kid(s) to stick around in the American individualist culture. Although the economics of this might change with where we're headed...