Monday, August 1, 2022
About 2 weeks ago, I posted about an article on multi-generational housing. Since then, here are two more articles on the topic
First, a new research report from Pew Research, Young adults in U.S. are much more likely than 50 years ago to be living in a multigenerational household .
Here are a couple of points from the article. "[T]he increase has been fastest among adults ages 25 to 34." More importantly (from an elder law perspective) consider this: "[i]n 2021, 68% of 25- to 34-year-olds in a multigenerational home were living in the home of one or both of their parents. Still, 15% were living in their own home and had a parent or other older relative living with them. Another 14% of young adults in multigenerational households were living in a home headed by a family member other than their parent, such as a grandparent or sibling, or by an unmarried partner or a roommate (3%)." The article compares the data with a 1971 study, looks at education levels and other data points.
Subsequent to the Pew data release, NPR ran a story about it, 1 in 4 young adults live with a parent, grandparent or older sibling, research shows, which offers this important information "[f]inances and caregiving are the driving factors behind multigenerational households, the survey found, and there is also a correlation between education level and those who live in multigenerational households."