The benefits of living in a multi-generational household include having a healthier mindset and enhanced social and financial support.
Who says “Too many cooks spoil the broth”? While you might think it’s a recipe for disaster, studies show that living with grandparents, parents, and children all under one roof can bring surprising benefits. In fact, having multiple generations under one roof might be the secret ingredient to a happy and healthy (multigenerational) household.
According to the latest estimates from Generations United, more than 1 in 4 Americans (66.7 million adults ages 18+) live in a multigenerational household. The COVID-19 pandemic contributed to this trend, with 57 percent of those in multigenerational households saying they started or continued living together due to the pandemic. In fact, even as the pandemic subsides, more than 7 in 10 (72 percent) of those living in this plan continue doing so long-term, suggesting that this trend is here to stay in the coming years.
Let’s explore the potential benefits of forming a multigenerational household below.
Better Mental Health
According to studies, people who live in multigenerational households are less stressed and anxious than those who live alone or in nuclear families. Family members’ presence can provide emotional support and a sense of security. Furthermore, it has been demonstrated that elderly family members with younger family members have improved mental health and more significant physical activity.
Enhanced Social Support
In a world where social isolation is becoming the norm, multigenerational households offer a refreshing change. Not only do they give seniors much-needed social interaction, but they also strengthen family ties and help people of different ages learn from each other. Your grandma’s signature chocolate chip cookies might come with some fascinating stories, while your grandpa’s wise words might be just what you need to navigate life’s challenges.
Joining Financial Forces
Feeling the squeeze at the checkout line and gas pump lately? Then, consider joining economic forces with your extended family members.
Indeed, living with family has its perks, including financial ones. According to Pew Research, multigenerational households can buffer against poverty. In fact, Americans living in multigenerational households are less likely to be poor than those living in other types of homes. This is especially beneficial for economically vulnerable groups, such as the unemployed. So, not only does living with family provide emotional support, it can also offer a safety net in times of financial hardship.
Consider the Following Obstacles
Living in a multigenerational household can be a double-edged sword. On the one hand, it creates a supportive and cozy environment, but on the other hand, it can present privacy concerns, particularly for younger family members. Finding the right balance between independence and interdependence is essential but only sometimes straightforward. After all, the perfect multigenerational household is a delicate balance of give and take.
Communication and Comprehension
So, if you’re thinking of forming a multigenerational household, talk to your family members and devise a plan that works for everyone. Communication and comprehension are essential for establishing a successful multigenerational living arrangement. Living with more than one generation can be rewarding and fulfilling with careful planning and a willingness to change.
Last Thoughts: “The More, The Merrier”
Living in a multigenerational family can be an excellent option for families that want to remain together and support one another. It offers advantages such as better health, economic stability, and social support.
Indeed, multigenerational households can build a harmonious and fulfilling living environment by communicating openly and being prepared to adapt.