History of the MultiGen Homes in America
Many people think the idea of Multigenerational living in the US is a new trend. That’s simply not the case. In the early 1900’s it was quite common for older adults to live with their adult children and grandchildren. According to Forbes, in 1940, about one quarter of Americans lived in a home shared with three or more generations. However, after the WW11, the American family household shifted as returning war veterans built suburbs. The norm for American family lifestyles in the 1950’s was mom and dad living in a home with their minor children. Aging adults were also likely to live in a home by themselves. Therefore, the percentage of multi-gen households declined, and continued declining, reaching a new low of 12% by 1980.
It’s no surprise that during the 2007-2009 recession, when high unemployment rates pushed many adult children back home, the number of multi-gen households increased dramatically. What is surprising though, is that the trend is continued to grow, even though an improved economic climate made it feasible for people to strike out on their own. And to date, the trend shows no sign of abating.
The latest stats we have for multi-gen households are from 2016, when Pew Research released a study from an analysis of Census data. They found a record 64 million people, or 20% of the US population, living in a multigenerational home. The trend is still growing too, and it’s growing among nearly all racial groups. Among this multi-gen population, 28% are Asians, both Hispanics and blacks count for 25%, and whites comprise 15%. However, each group has seen an increase of two percentage points since Pew’s 2009 data.
Motivation for Living in a Multigenerational Home
Why do people choose to live in a shared home with other adult family members? The answers vary; cultural, economic, health support, strengthened family bonds, security, and the list goes on. What we do know, the trend is not likely to be reversed. If you’d like to learn more about this lifestyle option, or find a multigenerational home, call us today. We also live in a multi-gen home and enjoy helping other families learn more about this rewarding lifestyle. We are proud to be the only Real Estate professionals who specialize in Multigenerational Homes and Lifestyles in Clark County, WA.