Multigenerational households could be set to grow in popularity as property costs continue to rise. This set-up might not be for everyone, but it could be the model for more families in the future.
The insurance company
Aviva forecasts the number of households containing two or more families will rise from 1.5 million to 2.2 million by 2025. The study also anticipates 3.8 million people aged between 21 and 34 will be living with their parents - a third more than at present. Or more than half a million (684,000) people since 2005.
House prices and multi-living increase together
The conclusions are based on the rate of growth seen in the past 10 years – and assuming house prices will continue to rise. Affordability of housing appears to play a huge role in people’s decision to stay living with family or moving back in with them.
When asked about situations when they might consider this living arrangement for six months or more, saving for a house deposit (57%) was the second most common reason given, beaten only by caring for an unwell relative (71%).
Advantages of living as part of a multigenerational household
Those living in a multigenerational household say the main benefits are: other people being around for company (72%), cheaper shared living costs (62%) and more people to share chores (56%).
So multigenerational living is can be a necessity rather than a choice, particularly when adults are forced to move back in with family to help save for long-term goals like buying their own house.
So what's it like living under the same roof with parents, grandparents and children? Here are
five top survival tips via BBC News Magazine.
Download the Changing Households Report 2016.
