I thought this article was interesting and relevant as I’ve seen many couples doing this in recent years. Would love to hear your comments below.
When adult children live at home, these strategies can help keep the peace
When Keith Hewson was a newlywed, he and his wife, Katy, decided to share a three-bedroom Houston townhouse with his wife’s parents, Cindy and Gary Smith. That was four years ago, and today they’re still living together. That’s because each couple decided they not only benefit financially from the arrangement, but they also enjoy living together. Now that the Hewsons have a baby, the Smiths serve as built-in babysitters and all-around helpers. And the savings generated allow the Smiths to travel more and live more luxuriously than they would otherwise.
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The Hewsons and Smiths represent the growing trend of intergenerational living. Consulting firm Twentysomething Inc. reports that 85 percent of young adults now move back home with their parents after graduation. (According to the Network on Transitions to Adulthood, fewer than 60 percent of 18-to-24-year-olds lived at home five years ago.) The sluggish economy, as well as the fact that today’s twentysomethings are so emotionally close to their parents, appear to contribute to that shift.
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