A number of weeks back, I wrote on the subject of affordable housing and mentioned that some families may resort to multigenerational households.
It appears that households with at least two generation of adults are on the rise. The Pew Research Center’s recent findings indicate that approximately 20% of U.S. households lived with multiple generations. This statistic was as low as 12% in 1980. The last time we experienced this peak was back in 1950 (21%).
Who are these individuals? In recent years young adults (ages 25-29) are the predominant age group, while in previous years it consisted of adults age 85 or older.
The Pew Study does not indicate why this trend is happening. I would guess that the high cost of housing is a main contributor to young adults living in their parents’ home.