Summary
A group of retired Baby Boomers in Minnesota, known as the Third Act, is helping build homes with Habitat for Humanity. They aim to tackle the housing shortage by volunteering their time and resources to provide affordable housing. The group consists mostly of former professionals who seek purpose and camaraderie in their retirement.
Key Facts
- The Third Act is a group of retirees working with Twin Cities Habitat for Humanity.
- They build homes every Thursday, contributing about 3,120 volunteer hours annually.
- The group's efforts are valued at roughly $95,000 per year in skilled labor.
- It was founded in 2019 by Barry Mason, a retired technology executive.
- The group uses their accumulated wealth to help sponsor homes, addressing the criticism of wealth hoarding.
- Baby Boomers hold about $78 trillion in assets, half of the U.S. household wealth.
- Mason and his wife previously funded a Habitat home alone, and the group has sponsored two homes together.
