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Harvard Study Finds Cost-Burdened Residents Seek Multigenerational Homes

Harvard Joint Center for Housing Studies (JCHS)
 

According to the Harvard Joint Center for Housing Studies (JCHS) the number of multigenerational homes is on the rise. Adults in their late 20s group are most likely to live in these multigenerational homes, and the vast majority of people in this group are living with parents or grandparents.

Additionally, about one out of every five Americans over the age of 65 lives in two-generation households. The report suggests these living arrangements are likely the result of financial necessity for those in high cost communities rather than preference.

Minorities and immigrants are far more likely to live in these types of homes than their native-born white counterparts. The projected growth of minorities and older Americans suggests that the number of these multigenerational households will continue to expand in the future.

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