Remember the TV show The Waltons? It portrayed retirement in the “old days” as a harmonious intermingling of generations: grandparents, adult kids and grandkids all living together under the same roof.
Pew Research reveals that, in recent decades, Americans have been returning to this way of life, with twice as many people living in multi-generational households today as in 1980. Only this time, it's not grandparents that are moving in with their kids. Instead, it's young adults moving back in with their parents.
This is due to several factors. First, young people are waiting longer to start families of their own, and are staying in school for longer than their parents did.
Then came the Great Recession, forcing many young people to move back in with mom and dad. The number of multi-generational households spiked during 2007-2009 and has continued to grow, though at a slower pace.
For the current generation approaching retirement, welcoming grown children back into the fold has become common. There can be issues, however, when adult children become roommates; both parents and children often need to make some major lifestyle readjustments for everyone to be comfortable.
Multigenerational family members living together can be a source of joy, as spending time together that might have been limited to holidays and occasional family dinners becomes a daily reality.
Source: “In Post-Recession Era, Young Adults Drive Continuing Rise in Multi-Generational Living,” pewsocialtrends.org, July 17, 2014
Retired and living with your kids or grandkids? How do you manage the dynamics of living together?