Multi-generational living is becoming more common as Baby Boomers age and move through retirement.
Data from the 2009 – 2011 American Community Survey (ACS) reported that 4.3 million households were multi-generational. That’s 5.6% of the total of 76.4 million family households with more than one person. While this is a small percentage, it represents a significant increase in the share of multi-generational households. The increase is from 3.7% of total family households in 2000 and 4.0% of total family households in 2010. So not only is the percentage higher, the rate of increase is also growing. Continue reading →
Building Bridges Partners is a real estate team powered by Keller Williams that specializes in helping Empty Nesters and Seniors who want to downsize or are going through transition in their housing needs. Call us if you want more information about how we can help you! 571-379-9030
The latest U.S. Census reports that there are 44.7 million over the age of 65 in the United States. According to the Department of Health & Human Services, seven out of ten of them will need three or more years of long-term care before they die. Unfortunately, most families are not prepared when they need to step in and help mom, dad in the face of a crisis or medical issue, and the consequences of being unprepared can be severe amongst families – causing chaos, confusion, and loss of money.
Kay H. Bransford is the best-selling author of MemoryBanc: Your Workbook for Organizing Life. She has appeared on The Dr. Oz Show and Huffington Post, in addition to many television and radio programs to educate families, caregivers, and retirees on why getting organized is important to the well-being of every adult. The MemoryBanc process helps maintain family harmony, preserve privacy, and streamline the management and settlement of affairs in the event of incapacity or death. The company Kay founded, MemoryBanc, received an “Older-Adult Focused Innovation” award from AARP Foundation and has helped thousands of families since its launch in 2013.
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