Who’s Putting a Roof Over Parents’ Heads?

Census data shows that about 9 percent of older Americans live with family members. However, that share spikes into the double digits for foreign-born adults, according to new research conducted by Trulia chief economist Jed Kolko. For example, 47 percent of seniors born in India and 44 percent of those born in Vietnam live with relatives. Among the U.S.-born population, seniors of Asian or Hispanic descent also are most likely to reside with relatives, the study indicates. Women, the unmarried, and those aged 85 and older also are more likely to take up residence with their children, according to the findings. Additionally, multigenerational households were more common in cities with younger populations and/or with large Latino populations. | Read More