Multigenerational Household - Is This For You?

Several of my friends are living in multigenerational households. Some of their arrangements are by design and others a result of unplanned life events. Whether it’s a college-aged child moving home to save money while job-hunting, a senior choosing to live with an adult child, or a daughter bringing a new baby to live with her grandparents, this communal living has primarily been driven by recent economic uncertainties Although multigenerational strictly means three generations under one roof, two age groups living together have similar benefits and challenges. Even as the economy shows signs of recovery, it’s clear this is a lifestyle trend that’s not going away.

The latest U.S. Census figures support that multigenerational households are continuing to grow. In 2000, 3.7 percent of U.S. households were inhabited by three generations and by 2010, that number had grown to 4 percent. Citing areas with housing shortages, single parents, and new immigrants living with relatives, census reports give detailed breakdowns of geographic locations, etc. But a recent Pew Research Social & Demographic Trends report found young adults to be the biggest driver of multigenerational living situations.

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