Definition, Meaning & Synonyms
downsizer
noun
/ˈdaʊnˌsaɪ.zər/
Definition
A person or thing that reduces size, in particular from a larger or more luxurious home to a smaller one.
Examples
- After the kids moved out, they became downsizers and sold their family home.
- Many retirees opt to become downsizers to reduce maintenance and expenses.
Meaning
The term is often used in real estate and personal finance contexts to refer to someone who is moving into a smaller living space, typically to save money or simplify their lifestyle.
Synonyms
- reducer
- minimizer
- consolidator
