Millions of Americans Have Discovered the Benefits of Multigenerational Households

<article class="post-172096 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-172096"><span class="entry-date">February 3, 2022</span><div class="entry-header center-block text-center"><h1 class="entry-title">Millions of Americans Have Discovered the Benefits of Multigenerational Households</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Millions+of+Americans+Have+Discovered+the+Benefits+of+Multigenerational+Households&url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fmillions-of-americans-have-discovered-the-benefits-of-multigenerational-households%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
<div class="fb-share-button display-inline-block" data-href="https://gilliggroup.com/blog/millions-of-americans-have-discovered-the-benefits-of-multigenerational-households/" data-layout="" data-size=""><a class="facebook solid fb-xfbml-parse-ignore" data-tracking="Post,Social Post Link Clicked,Twitter" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fmillions-of-americans-have-discovered-the-benefits-of-multigenerational-households%2F&src=sdkpreparse" target="_blank"><span class="force-hidden">Facebook</span></a></div>
<a class="pinterest solid display-inline-block" count-layout="horizontal" href="https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fmillions-of-americans-have-discovered-the-benefits-of-multigenerational-households%2F&description=Millions+of+Americans+Have+Discovered+the+Benefits+of+Multigenerational+Households" target="_blank"><span class="force-hidden">Pinterest</span></a>
<a class="linkedin solid display-inline-block" href="https://www.linkedin.com/shareArticle?mini=true&url=https://gilliggroup.com/blog/millions-of-americans-have-discovered-the-benefits-of-multigenerational-households/?shareSlug%3Dmillions-of-americans-have-discovered-the-benefits-of-multigenerational-households" target="_blank"><span class="force-hidden">LinkedIn</span></a>
<a class="email dashicons dashicons-email solid display-inline-block" href="mailto:?subject=From gilliggroup.com: Millions of Americans Have Discovered the Benefits of Multigenerational Households&body=Millions of Americans Have Discovered the Benefits of Multigenerational Households%0D%0Dhttps://gilliggroup.com/blog/millions-of-americans-have-discovered-the-benefits-of-multigenerational-households/" target="_blank"><span class="force-hidden">Email</span></a>
</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div>
<p><img alt="Millions of Americans Have Discovered the Benefits of Multigenerational Households | Simplifying The Market" class="webfeedsFeaturedVisual wp-post-image" decoding="async" link_thumbnail="" loading="lazy" sizes="auto, (max-width: 549px) 100vw, 549px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2022/01/31150816/20220202-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/01/31150816/20220202-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/01/31150816/20220202-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>If your needs are changing, you may be thinking about sharing a home with additional loved ones, such as grandparents, adult children, or other extended family members. Whether it’s for financial or health-related circumstances, or simply because you’ve reached a new phase of life, you might be wondering if living with multiple generations under the same roof is a good move for you. Many people have found themselves in a similar situation and they’ve already made the choice to live in a <a href="https://www.simplifyingthemarket.com/2021/04/09/multigenerational-housing-is-gaining-momentum-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">multigenerational home</a>.<span id="more-45935"></span></p>
<h4><strong>What Is a Multigenerational Home?</strong></h4>
<p>The <a href="https://www.pewresearch.org/fact-tank/2018/04/05/a-record-64-million-americans-live-in-multigenerational-households/"><em>Pew Research Center</em></a> defines a multigenerational household as a home with two or more adult generations. They include households with grandparents and grandchildren under the age of 25. As you weigh your options and decide if multigenerational living is right for you, here’s some helpful information highlighted by other homeowners living with additional loved ones.</p>
<h4><strong>The Benefits of Multigenerational Living</strong></h4>
<p>A recent <a href="https://www.gu.org/app/uploads/2021/04/21-MG-Family-Report-WEB.pdf">report</a> from <em>Generations United </em>surveyed individuals living in a multigenerational setting and asked them about the key benefits of this housing arrangement. It says:</p>
<blockquote>
<p><em>“<strong>Nearly all Americans who live in a multigenerational household (98%) feel their household functions successfully</strong>, citing various aspects of home design, family relationships and interactions, and supports and services influencing their success.”</em></p>
</blockquote>
<p>The study identifies some of the top benefits of this lifestyle as an improved financial situation, better mental and physical health, strengthened bonds with loved ones, and more (<em>see chart below</em>):</p>
<p><a href="https://files.simplifyingthemarket.com/wp-content/uploads/2022/01/31150819/20220202-MEM-Eng-1.png"><img alt="Millions of Americans Have Discovered the Benefits of Multigenerational Households | Simplifying The Market" class="aligncenter wp-image-45937" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2022/01/31150819/20220202-MEM-Eng-1.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/01/31150819/20220202-MEM-Eng-1.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/01/31150819/20220202-MEM-Eng-1-400×300.png 400w" width="650"/></a></p>
<p>Those are just some of the reasons why most people who decide to live in this situation find it worthwhile. As Donna Butts, Executive Director at <em>Generations United</em>, says:</p>
<blockquote>
<p><em>“<strong>Families may come together from need, but they are staying together by choice.</strong> Indeed, more than 7 in 10 (72 percent) of those currently living in a multigenerational household plan to continue doing so long-term.”</em></p>
</blockquote>
<h4><strong>With More Adults Living Under One Roof, You May Need More Space</strong></h4>
<p>If you decide to look for a multigenerational home, it’s important to understand what everyone will need to make the arrangement work to its fullest. Something that often makes the top of the list for homeowners living with multiple generations is additional <a href="https://www.simplifyingthemarket.com/2021/12/23/when-a-house-becomes-a-home/?a=712984-fa409495d5d70154d03a25e81e9540e2">space</a> for privacy. This could mean more bedrooms and bathrooms or features like an in-law suite or a basement.</p>
<p>If you’re realizing your current house doesn’t provide the room you need for multigenerational living, an expert real estate advisor can help you navigate the process to find the right home that works for you and your loved ones.</p>
<h3><strong>Bottom Line </strong></h3>
<p>Living in a multigenerational household has real and impactful benefits. If you’re interested in learning more about these options in our local area, let’s connect so you can find a home that fits your changing needs.</p>
</div>
</div></article>