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2 clusters · 6 sources · 17 days · First seen · Last updated

Rise of multigenerational living in the United States

Overview

Multigenerational living is emerging as a significant trend in the United States, driven by housing affordability, financial pressures, and demographic shifts.

Individual cases illustrate how families use shared housing to manage costs. For example, one family in Connecticut utilized a multigenerational arrangement by renovating a basement into a private suite, allowing multiple generations to contribute to mortgage payments and share living expenses.

Broader data supports this shift. Reports indicate that multigenerational households are increasing, with approximately 20 percent of adults aged 65 and older living in such arrangements as of 2023. Furthermore, multigenerational homes accounted for 17 percent of housing purchases in 2024, reflecting a growing reliance on shared living to navigate economic and social challenges.

Entities

National Endowment for Financial Education · Connecticut · Pew Research Center · National Association of Realtors

Timeline

  1. 7 days ago

    [CULTURE] 4 sources
    Multigenerational living rises as a defining American family trend

    Multigenerational living is rising in the US due to economic and housing pressures, with many families sharing kitchens and cooking responsibilities across different age groups.

  2. 24 days ago

    [CULTURE] 2 sources
    Multigenerational living helps Connecticut family manage housing costs

    A Connecticut family uses multigenerational living and a $75,000 basement renovation to manage housing costs and support a mother who relocated from Florida.

Sources

businessinsider.nl · centralmaine.com · hometownstation.com · markets.businessinsider.com · mrcabinetcare.com · thegardenmagazine.com