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Exclusive AARP Bulletin Poll Reveals New Trends in Multigenerational Housing
Date:3/3/2009

- Results Reflect Impact of Down Economy -

WASHINGTON, March 3 /PRNewswire-USNewswire/ -- With Americans of all ages feeling the effects of the economic crisis and the plummeting housing market, mutigenerational households may become more prevalent in the coming years. AARP Bulletin, the go-to news source for 50+ America, today released the results of an exclusive new survey that looks at housing trends and how the economy may be impacting adults' living situations. More than 1,000 people age 18 and older were surveyed about who they live with, how likely it is that they will need to move in with another family member or friend, and how comfortable they would be living with additional friends or family members if that would become necessary.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070209/NYF043LOGO)

The results show a direct relation between a loss of income and young adults who are moving back home with their parents after a period of independence. Additional key findings include:

Multigenerational Housing: 11% of people age 50+ live with their grandchildren or their parents.

"Boomerang Adults": 11% of people age 35-44 report living with their parents or their in-laws.

Why People Move: 34% of people who said that they would likely have to move in with family or friends said that it would be due to a loss of income.

"The recession is having an impact on people of all ages, and the effects are starting to be felt at home," said Jim Toedtman, Vice President and Editor of AARP Bulletin. "We see more people living under the same roof as their parents and their adult children. As Americans face tougher economic conditions, we'll likely see more of this."

Results of AARP Bulletin's Multigenerational Housing survey
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SOURCE AARP
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