Come Together: Multi-Generational Homes and Other New Living Arrangements
Source: Deutsche Bank analysis of Census Bureau Data
The Signal: In a much-discussed article last month, David Brooks laid out his thesis as to why “The Nuclear Family Was A Mistake.” One of his key points concerns the rise of multi-generational homes:
“In 1980, only 12% of Americans lived in multigenerational households. But the financial crisis of 2008 prompted a sharp rise in multigenerational homes. Today 20% of Americans — 64m people, an all-time high — live in multigenerational homes.”
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