Many homeowners belong to what is being called the “Sandwich Generation,” where three or more generations of a family live together in one house.
MarketWatch reports that in 2014, 4.3 percent of households contained parents, children, and grandparents. In 2006, the rate was only 3.6 percent.
The cause of the rise is due to several factors, including the greater share of Baby Boomers, the financial troubles of younger adults, and growing ethnic diversity. In Los Angeles, for example, two-thirds of Hispanic households have three or more generations living together.