The economy has hit many hard.
Retirees have seen their investments drop leaving them with less money to pay their living expenses and ever rising medical and prescription costs.
College students struggle to pay their college and living expenses while not going too deeply in student loan debt.
Meanwhile, the so called sandwich generation, those who have elderly parents who need support as well as children that also need support, struggle to make ends meet and take care of both generations while also saving for their own retirement.
Multi-Generational Living: Coming Back in Style
The idea of generations living together is not new. One hundred to one hundred and fifty years ago, 3 generations living together was quite common.
Yet, as our society changed and people became more independent, multi-generational living fell out of vogue. It is no longer necessary, so most people don’t do it.
However, the current economy has changed the most recent housing dynamic.