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Multigenerational Households at All-Time High

The Pew Research Center analyzed 2016 Census data to discover that the number of US households spanning multiple generations of residents over the age of 25 had reached 20%. This amounts to 64 million, an all-time high for the US. For comparison, the numbers were 19% at 60.6 million in 2014 and 17% at 50.5 million in 2009.

Some demographics can account for a large percentage of this trend, such as Asians and Hispanics — traditionally more likely to live in multigenerational households — at 29%, as well as millennials at 33%, some of whom are still recovering from the economic situation in 2008. Nonetheless, it’s a trend that is growing among all races and most age groups, and is largely independent of sex.

More: https://www.housingwire.com/articles/43055-number-of-multigenerational-households-hit-all-time-high

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