The modern family: 18% of Americans live in multigenerational households. For this N.J. family, it was ‘a lifesaver’ during the pandemic

The Fitzgeralds are a family of four generations.

Fitzgerald and his wife, Rachel, bought a house with Rachel's parents, Arthur and Beverly, as well as Rachel's grandmother, who is 98 years old.

They all live in South Orange, New Jersey and have two children.

Fitzgerald said that it made financial sense to combine resources.

It turned out to be a lifesaver when they were suddenly housebound.

She said that when she was working from home, she and her husband were able to do things other parents couldn't do.

She said that living together affords a close proximity that wouldn't be achieved without it.

She said that part of the decision was financial and that it would create a community in the home.

The gift our kids are receiving is an intimate relationship with their grandparents.

The family members in Rachel and Jason’s multigenerational household range in age from 1 to 98.

Multigenerational living has been going on for a long time.

Over the past five decades, the number of households with two or more adult generations has increased. 18% of the US population is now represented by such households.

Richard Fry said that for some adults there are positive aspects to it.

The top reason families are doubling up is due to finances. The decision process involves caregiving as well.

Multigenerational living has grown at the fastest rate among 25 to 34 year olds.

The share ofboomerang kids living with their parents went to a historic high in 2020.

Fry said that the levels are still significantly above where they were in 2019.

In the past five decades, the number of young adults living in multigenerational households has increased.

Most of the time, 25 to 34 year olds are living in the home of their parents. A parent or other older relative stays with a smaller share in their home.

Men and people without a college degree are more likely to live with their parents.

It is a private social safety net for them.

Young adults who don't have a bachelor's degree earn less money than those who did.

Older parents are more likely to pay for most of the expenses when there are more than one generation living in the same home. 22% of the total household income is contributed by the 25- to-34-year-old in a multitergenerational household.

It can be difficult for parents to support grown children at a time when their own financial security is at risk.

In an economy that has produced the highest inflation rate since the early 1980s, the cost of having young adults living at home has gone up a lot.

Americans living in multigenerational households are less likely to be financially vulnerable, according to a new study.

Expenses, including the home purchase, utility bills, groceries and cable, are split down the middle in the Fitzgerald-Zack household.

If we were in separate households there would be more that would be doubled up.

There are no plans to live apart.

It was a blessing for them.

Fitzgerald said that they didn't have an exit strategy.

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