A multigenerational household is a home where more than two adult generations live together. Multigenerational homes have been steadily rising in the United States, with more than 1 in 4 Americans currently living in a household with three or more generations.
A recent Generations United’s study also found that 57% of Americans living in a multigenerational household started or continued to live in their households because of the pandemic. Financial planning can help families set boundaries, reduce emotional strain, and live together successfully.
