America at Home: Grandparents in the Attic, Children in the Basement. [Print headline: "When the Parents Are Back, This Time for Good". (The New York Times, 2/18/2018)
Percentage of older widows living with adult children
- 1940 -- 60%
- 1990 -- 20%
Why the drop? Social Security. Older adults were no longer dependent upon their children for financial security.
Persons 85 and older living in multigenerational households:
- 2006 -- 20%
- 2014 -- 24%
From the Times article:
What’s creating this reversal of a decades-long trend?
One could point to several factors, including rising housing prices, inadequate retirement savings and the costs of long-term care. But the primary reason, Pew researchers contend, is that “the country’s changing demographics encourage shared living,” Dr. Fry said. “It’s much more prevalent among nonwhite adults, and they’re a growing share of the adult population.”