(NEW YORK) -- More adults are moving in with their parents. A new survey by PulteGroup, one of America’s biggest homebuilders, says almost one third of homeowners expect their grown children or parents to live with them.
USA Today says the survey shows that the rise in multi-generational households might continue.
“It’s an enormous change,” Stephen Melman, director of economic services at the National Association of Home Builders, told the newspaper. “I remember when I was in college, no one wanted to be near their parents.”
Some of the change is clearly the result of economic stress and the weak jobs market. But a smaller generational divide between baby-boomer parents and their 20-something children might also be a cause.
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