From the HUFF POST:
…The number of multigenerational households in this country is growing fast. As of the end of 2009, 51.4 million Americans lived in a home with three or more generations under one roof; that’s one in six of us. And it’s nearly 5 million more than the 46.5 million Americans in such households in 2007. Put another way, it’s an increase of 10.5%, according to statistics from the newly released Family Matters: Multigenerational Families in a Volatile Economy from Generations United.
It’s a trend that’s unlikely to reverse anytime soon, even if the U.S. eventually experiences a robust recovery. The reasons are varied, but among them are the 78 million aging baby boomers who will increasingly need assistance, and the country’s growing Hispanic and Asian populations, which have cultural traditions of living in extended families.
Traditions aside, for many, the reason to set up house with relatives is economic. According to a Generations United survey, 66% of people in multigenerational households cited the economy as a factor, while 21% said it was the only factor. Others attributed the move to a change in job status or underemployment (40%), the burden of health care costs (20%), or a foreclosure or other housing crisis (14%)…
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