According to the U.S Census Bureau, multigenerational housing occurs when three or more generations live under one roof. About 4% of all U.S households are multigenerational. Why does that matter? That number is projected to be on the rise, and there are a few benefits. The three main reasons for having a multigenerational housing arrangement include financial, situational, and cultural factors.
Multiple generations of one family under one roof can be rewarding and challenging. Family members can share caregiving duties. They can also share the costs associated with housing. Deeper bonds can be developed between family members. Older adults who interact with children have more positive outcomes, including less depressive symptoms and increased sense of purpose.