Number of Shared Households Grows

Number of Shared Households Grows

It used to be that many Millennials were moving back into their parents’ homes during the Great Recession. Today, new research from Pew Research Center shows that many parents are moving into households of their adult children or other relatives. The number of parents moving into their children’s home doubled from 7% in 1995 to 14% today. All together, in 2017 nearly 32 million households “shared ‘an extra adult’ who is not a household head” but is a relative. Pew Research believes the reasons vary and are more complex than just being in response to increasing housing costs and stagnant incomes.