Why Multigenerational Households Are Making A Comeback
Are you aware that multigenerational living is regaining popularity? As the second decade of the 21st century concludes, we're witnessing a resurgence in multigenerational households -- a trend that has taken many researchers by surprise. The socioeconomic factors from the mid-20th century that altered the nuclear family structure now seem to revert to a pre-1950s model. The disheartening climb in housing unaffordability, reported being at its worst in four decades, is an alarming cause. The data clearly reveals that nearly half of young adults aged between 18 and 29, despite the job market's robustness, have chosen or been compelled to live with their parents. Yet perhaps that’s not the full picture. Jennifer Molinsky at Harvard’s Joint Center for Housing Studies believes that multi-generational communities have become attractive again in recent years, because “there are a lot of people who want to be surrounded by people of all ages and have those daily interactions.” With this development, there arises an intriguing question: Is the decline in housing affordability rekindling the multigenerational flame?
