If the economy is doing so great why is that a new report is indicating that a surge in multigenerational households?According to new reports, Both the number and share of Americans living in multigenerational family households have continued to rise in recent years. In fact a record 60.6 million people, or 19% of the U.S. population, lived in a multigenerational household, up from 42.4 million (17%) in 2009 and 27.5 million (12%) in 1980.
Excerpt From Market Watch:
Multigenerational families — households with two or more adult generations, or one that includes grandparents and grandchildren — is growing among nearly all racial groups and age groups, says D’Vera Cohn, a senior writer, and editor at Pew. here are some demographic reasons. The Asian and Hispanic populations are growing more rapidly than the white population, Cohn’s analysis of the latest U.S. Census Bureau data found, “and those groups are more likely than whites to live in multigenerational family households.”