You Can’t Always Get What You Want

The future looks a little less than bright for members of the younger generations. Research shows that the majority of Americans believe it is unlikely members of Generations X and Y will have a better life than their parents. At the same time, some members of these generations seem disillusioned with the current state of affairs and express pessimism that they will have a traditional retirement. Adding insult to injury are several popular myths that tend to blame these falling standard on the members of Generations X and Y.

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Coming Home: Multigenerational Households are Growing—Part 2

As multigenerational families grow, more people are dealing with the difficult task of incorporating a new member into an existing household. There are important generic differences between needy parents joining families of their children, and young adults returning home. Also, each case will have a unique family history. Still, it seems possible to build a framework that will help families chart successful futures.

Here are three elements of such a framework:

  • Compassion
  • Honesty
  • Outside help

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Coming Home: Multigenerational Households are Growing—Part 1

Coming Home-- Photo by Jamie Harris

Multigenerational households are growing in the United States, according to a 2010 study by the Pew Foundation. Such households were common in the early twentieth century, then they declined, reaching a relative low point around 1980. They have been rising since then, showing a distinct uptick with the recent recession. In a culture that emphasizes independence, multigenerational households generally expand out of necessity, providing further evidence that times are tough. These trends will affect the retirements of millions of Americans.

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