What’s the average family living under 1 roof look like today? Three generations under 1 roof is becoming a common theme around America; as today’s economy continues to hammer down on consumer finances, an influx of 20-30 year old offspring are moving in with mom and dad to help with the costs of living. According to CNN Money, 4.4 Million US Homes have 3 generations or more living under the same roof, a 15% increase from 2008.
Multi-Generational homes, while not the ideal living situation for many, does have it’s pay offs. Everyone typically saves money, and it’s an advantage to have multiple wage earners in the same household. This can cut child care expenses, and duplicate costs, and can give older children the opportunity to go back to school while job opportunities are down. Builders are also acknowledging this as a lead after the recession, as these families will want to move into larger homes, with more bedrooms to accommodate everyone. They can rest assured that this is true, because they are already beginning to build add-ons for already existing homes to accommodate multi generations.