If there’s supposed to be a stigma attached to living with mom and dad through one’s late twenties or early thirties, today’s “boomerang generation” didn’t get that memo.
A new Pew Research Center report explores the demographics and economics of multi-generational households. It concludes that moving to a multi-generational household appears to lift Americans out of poverty, and this is especially true for groups most affected by the recession. Household incomes also are higher for some groups in multi-generational households.
Without public debate or fanfare, large numbers of Americans enacted their own anti-poverty program in the depths of the Great Recession: They moved in with relatives.
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.
Instead of traveling across country or across town for Thanksgiving this year, many grown sons and daughters will be coming to dinner from their old bedroom down the hall, which now doubles as their recession-era refuge.