A record 1 in 5 Americans are now living in "multigenerational" homes - i.e., grown adults (and sometimes their own children with them) living with their aging parents or grandparents, with a few adult parents living with their children thrown in for good measure.
According to a new analysis out from Pew Research, around 60 million American households are now "multigenerational," four times the amount reported during the 1970s. That total includes young adults in their early 20s living with mom and dad, all the way up to people in their 30s and 40s - oftentimes with their own young children and teens in tow - bunking with their parents or even grandma and grandpa, as well as a greater share of senior adults who've moved in with their own children or grandchildren.
Overall, women are less likely than men to be living with an adult relative other than their spouse or partner. Pew found that nearly four in 10 men ages 25 to 29 now live with older relatives, compared to 26% of women the same age.
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About 40 percent of those living with adult relatives cited finances as the main reason, pointing to inflation and the rising cost of rent for why they can't - or simply don't see the need - to hack it on their own. Another 33 percent cited caregiving, whether for adults or children living in the home, as their primary motivator.
Another 28 percent said they're still living with their relatives simply because it's what they've always done.
Broken down by age, adults 25 to 29 were the category most likely to be living with an adult family member, most oftentimes their own parents.
Broken down by racial demographics, Pew found that "About a quarter of Asian (24%), Black (26%) and Hispanic (26%) Americans lived in multigenerational households in 2021, compared with 13% of those who are White." The survey also found immigration is a primary driver of multi-generational living, with 26% of foreign-born persons living with adult relatives compared to just 17% of native-born residents.