Increase In Multi Generational Households
Multi Generational Households Increasing
Few American adults want to take on roommates, much less shack up with their parents, but many are being forced to as a result of job loss or foreclosure, according to a new survey on mulch-generational housing conducted by AARP there is a marked increase in multi generational households.
Job loss and foreclosures cause more families to unite in mulch-generational households. In Tough Times, Adult Kids Move Back Home
Roughly one-third (33%) of Americans between the ages of 18 and 49 now live with their parents or in-laws, according to the study, which polled more than 1,000 adults nationwide. And they’re not just boomerang kids fresh out of college with no job prospects. Roughly 11% of respondents between the ages of 35 and 44 reported living with their folks.
The survey, published in last month’s AARP Bulletin, also found that 11% of people age 50 and older now live with their grandchildren or their own parents. This increase in multi generational households is not going away soon.
Credit: Jenny Sullivan, a senior editor at BUILDER Magazine.