This is an increasing trend that has many effects on the overall market – both good and bad. From cnbc.com:
That’s exactly how it works for Jennifer Michaels and her mom.
“Sometimes, it’s a quick little, ‘Hey, honey how are you?’ and other times we’ll play a board game together out here, but I literally have gone three days without seeing her,” said Michaels.
Economics certainly plays into the multigenerational mindset, but there may be a cultural shift as well.
“The baby boomers were just very unique; they are really the only generation in history that would move out of the house as soon as they go out of high school or college,” said Burns.
Lucy Abbott likes the security in knowing that if she has a problem, help is just a hallway away, but that is more of an added benefit than a driver of her living situation.