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.