Why adults live in multigenerational homes
The number of people living in multigenerational homes has grown significantly, according to a survey by the Pew Research Center. The survey looks at the reasons for this rise and the composition of these households.
The number of people living in multigenerational family households quadrupled since 1971, reaching 59.7 million people — 18% of the population — in March 2021.
31% of adults ages 25 to 29 live in multigenerational households, often in their parents’ home.
13% of white Americans live in multigenerational homes, compared with 24% of Asians, 26% of Blacks and 26% of Hispanics.
40% of adults cite financial issues as a major reason they live with adult family members, 33% cite caregiving arrangements and 28% say it’s an arrangement they’ve always had.
63% of parents who live with an adult child say they pay more than half the rent or mortgage, including 51% who say they pay the entire amount.