An increasing number of American households consist of two or more generations living under one roof, according to a study by online real estate company Trulia.
Households that include children, parents and grandparents — the sandwich generation — represent 4.3% of households today, up from 3.6% in 2006, according to U.S. Census data.
Trulia attributes the trend to two primary factors. Many families are choosing to share homes and expenses due to economic factors in the wake of the 2008 recession. And the country's demographics are shifting toward populations that traditionally have embraced multigenerational households, including Asian and Hispanic families, two of the fastest growing U.S. populations.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
