Reply to what % of 35 year old are still living at home?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have two relatives in this category.
One is taking care of the 10 acre farm because his parents are getting too old. He also has a WFH job. He left for several years and then came back.
Another has lived in the parents'home forever even now, married, with children.[b] Cultural difference[/b] that my relative married into. [b]My relative LIKES it because she gets to live in a beautiful house with free babysitting and never has to cook or clean.[/b] If they tried to move out the parents would lose it.
[/quote]

A lot of married with kids ACs (above 35) are choosing to live with their parents in my own immigrant community. The buying power for housing and various services is immense because they are pooling resources.  Here are the benefits -

- Financial security. You will not lose the house if one person loses their job. Also, people save a lot of money when they are sharing costs in multi-gen families, so the savings are robust enough to withstand financial ups and downs, 
- Usually live in a beautiful, very big house in a good school district - which adult children  could not have afforded in their own salary, by pooling in resources.  There are common areas and also own private areas/spaces for each member of the family.  
- Free babysitting? Yes...to an extent. Most people do spend on getting some sort of nannies/help  who come home and help the grandparents to take care of the babies. Also, as they kids grow older - grandparents can take them for EC activities or have tutors come home to teach. Of course, illness, snow days, weekends, lockdowns, remote learning etc...everything gets handled much more easily. Kids are always supervised and kept busy. 
- Free eldercare?  Yes...to an extent. The common household machinery serves everyone - laundry, cooking, cleaning, home/lawn/car maintenance - is done jointly and/or outsourced - so the elderly may be very frail but are never living in squalor and neglect. Usually, some kind of paid companion or nursing attendent is also hired because of better buying power.  I know vendors who come to cut hair, nail and shave beards of elderly people, give therapuetic massages or various physical therapies etc.  It delays sending the elderly patient to AL significantly
- Loneliness and mental illness.  Usually, there is enough support and companionship to curb bad habits, depression, loneliness and mental illness. People of all generations are usually engaged and have better resilience.

In the event of the death of an elderly parent, the adult children don't have to scramble to take care of the remaining parent or get rid of their hoarded up house and sell it.   The act of living together in the first place already sees a natural Swedish Death Cleanse to happen.  Nothing gets impacted in a logistically big way.  This is a gift for the adult children who are called to take care of elderly parents, young children and their own home and career - at the same time and feel overwhelmed.   [/quote]

- In addition - these households are very lively because there is significant socialization for each generation with their own peer groups, hobbies etc. 
- Grandkids are usually very bonded with the grandparents and play an active role in being engaged with them.
- People in the household have a healthier diet and lifestyle because [b]healthy home cooked meals and clean enviorns are always easily available to them.[/b]  [/quote]

In practice, that usually means that the grandma has sacrificed herself and is busting her behind servicing all three generations, maybe even four if one of her parents is still around.  And she will be doing this until she drops dead.  [/quote]

What I have seen in my own immigrant community is private chefs and caterers.  No grandma is sacrificing herself.  Grandma is an earniing member with her pension in her retirement.  Pooling resources means that there is money to outsource.[/quote]
Cross-generational pooling of money isn’t necessarily as beneficial for parents/grandparents as it is for adult children/adult grandchildren when everyone’s living under the same roof. Often, the situation isn’t as beneficial for older generations, who end up paying more, whether or not they’re outsourcing domestic work:

“[i]Adults living with a parent are far more likely than parents living with an adult child to say being in a multigenerational household helps them financially. Some 53% of adults who live with a parent say this helps their personal financial situation at least a little, with 30% saying it helps a lot.

…

Among parents living with an adult child, just 29% say their living arrangement helps their personal finances, including 16% who say it helps a lot. About three-in-ten parents who live with an adult child (28%) say their living arrangement hurts their personal finances at least a little, compared with 17% of adults who live with a parent that say the same.

…

A majority of parents living with an adult child say they pay more than half of the rent or mortgage, including 51% who say they pay all of it. About a quarter (26%) say they pay some but less than half or don’t pay anything. In contrast, only about a third of adult children living with a parent say they pay more than half of the rent or mortgage, with 25% saying they pay all of it. Some 43% say they pay some but less than half (13%) or don’t pay anything (30%).[/i]”

https://www.pewresearch.org/social-trends/2022/03/24/the-experiences-of-adults-in-multigenerational-households/
[/quote]

Of course the older generation is well off and will pay more than the younger generation. The win-win is that it creates generational wealth, pooled resources, social mobility, better living standards, better health,  security, eldercare, childcare, deepens family ties.  Best of all it increases the bandwidth of each family member to become more resilient.  I am a gen-X parent with gen-Z kids.  Kids are doing well, but, we are always here to not only give them a helping hand but also we are in a position to bankroll them.  And we can do this with no strings attached. [/quote]

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