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

suggest that as jobs continue to disappear and the foreclosure crisis continues, millions of 50+ Americans will be living with their adult children and grandchildren in multigenerational homes.

Multigenerational Housing and Boomerang Adults

The survey found that that 4% of people age 50+ are currently living with their grandchildren. Results also showed 33% of respondents age 18-49 live with parents or in-laws. A further analysis of this group showed 11% of respondents age 35-44 live with parents or in-laws. Of those respondents, 9% report living with their parents and 2% reporting living with their in-laws.

Likelihood of Moving in With Others

When asked how likely it is that they may need to move in with family members or friends or have family members or friends move in with them, 15% said that it was likely. Among those who thought it would be likely, the largest percentage -- about one-third (34%) -- said it would be due to a loss of income, 19% said that it would be due to a change in job status and 8% cited home foreclosure as the reason.

Results also showed that respondents between 18 and 34 are more likely than older respondents to have already made such a move (20% vs. 9% for those age 35-44; 8% for those 45-54; 9% for those 55-64; and 7% for those 65+).

Comfort in Living with Additional Friends or Family Members

Roughly one in seven (14%) respondents said they would not be very comfortable, and nearly three in ten (29%) would not be at all comfortable living with additional friends or family members. In contrast, 14% said they would be extremely comfortable and 14% said they would be very comfortable if such a change in housing became necessary. More than a quarter (27%) of respondents said they would be somewhat comfortable with such an arrangement.

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SOURCE AARP
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