Welcome to the Sandwich Generation, where living between the parents and kids adds a new dimension to home life. The number of families with children, parents and grandparents living together has risen from 3.6% of all households in 2006 to 4.3% in 2014, according to the U.S. Census Bureau. Also, the According to the American Association of Retired Persons reports that about 23 million Americans take care of an aging parent. The two likely reasons for this trend are an aging population and kids growing up in a world where it’s harder to maintain financial independence.
In 2014, a record 60.6 million people, or 19% of the U.S. population, lived in a multigenerational household, up from 42.4 million (17%) in 2009 and 27.5 million (12%) in 1980, a new study by the Pew Research Center, a nonprofit think tank in Washington, D.C., found.
Foreign-born Americans are more likely than U.S.-born people to live with multiple generations of family, and Asians and Hispanics are more likely than Caucasians to be immigrants. Some 28% of Asians lived in multi-generational households versus 25% of Hispanics and African-Americans and 15% of Caucasians, the study showed, citing Census Bureau data.
Some families are investing in so-called granny pods, a name given to micro-units with their own kitchens and bathrooms that can be constructed separately from a main house — but connected to that main home’s electricity, gas and sewer lines. The granny pods often include medical equipment, such as oxygen therapy, or even defibrillator units.