You may have heard of "boomerang" kids, adult children who move back in with their parents after college. According to a Pew Research report, 57 million Americans (18.1% of the population) lived in multi-generational homes in 2012. That's a big increase from the 28 million Americans (12.1% of the population) who lived in multi-generational homes in 1980. However, looking further back this trend toward multi-generational living is actually a trend back to multi-generational living: in 1940, 24.7% of the American population lived in multi-generational homes.
Multi-generational homes don't just help young people facing a recession - they also help retirees spend less of their retirement savings and create homes where young parents may have built-in babysitters or aging relatives have assistance available.
Read more about this trend here The Sensible Resurgence of the Multigenerational Home. Would you share a home with your parents or your adult children? Or, depending on your age, maybe both?
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