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Wednesday, March 17, 2010

Job Losses result in 30% increase in multigerational homes

Does it seem as if your neighbors and you are having more of your family living with you. If so, you are part of a major trend. You may not like the lack of jobs , but do you like having your extended family closer to you? You know the saying "at least we have our family".

WASHINGTON - Goodnight, John-Boy: Driven partly by job losses, more families are choosing to bring multiple generations together as "boomerang kids" flock home and people help care for grandchildren or aging parents.

About 6.6 million U.S. households in 2009 had at least three generations of family members, an increase of 30 percent since 2000, according to census figures. When "multigenerational" is more broadly defined to include at least two adult generations, a record 49 million, or one in six people, live in such households, according to a study being released Thursday by the Pew Research Center

The rise in multigenerational households is heavily influenced by economics, with many young adults known as "boomerang kids" moving back home with mom and dad because of limited job prospects and a housing crunch.

Full article at MSNBC

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