March 18, 2010

The Return of the Multi-Generational Family Household

The multi-generational American family household is staging a comeback — driven in part by the job losses and home foreclosures of recent years, but more so by demographic changes that have been gathering steam for decades. As of 2008, a record 49 million Americans, or 16.1% of the total U.S. population, lived in such a household, up from 28 million, or 12.l%, in 1980. Such households had been more common a century ago, but began to fall out of favor after World War II. Now they are coming back.