A Pew study reports that 41 percent of adults between 25 and 29 are now living, or have lived recently, with their parents. Over all, more than 50 million Americans are in multigenerational households, a 10 percent increase from 2007. It is a back-to-the-future moment.
“You have to go back to the 1940s to see those kinds of numbers,” said Stephen Melman, director of economic services at the National Association of Home Builders. “What the recession has done has really hit household formation hard, so instead of forming households we are having some contractions: the college student moving back in or someone’s brother-in-law loses a job. It’s an opportunity for the builders.”
Read the full article at The New York Times.