A New Boomerang Generation: The Rise in Multigenerational Households
Most of us are familiar with the boomerang generation—kids in their 20s and 30s moving back home with their parents due to rising housing costs and limited jobs. Especially in attractive, urban cities like San Francisco, many people—both young and old alike—are being priced-out. And now, with life expectancy increasing, and many people currently living into their nineties and beyond, a reverse trend is happening: aging parents are moving back in with their adult children. Older adults are becoming the new boomerang generation—and, for many families, the trend makes wonderful sense.