“While much has been written about millennial children boomeranging back to live with their parents, there’s another group of people who have been quietly doubling up: baby boomers and their own aging parents,” explains Amy Hoak of MarketWatch.
Hoak describes an all too familiar situation of aging parents with deteriorating health, not being able to afford independent living along with medical expenses. Experts predict this particular trend to sustain even with an improving economy, since people are living longer and requiring more care at the end of their lives.
A recent survey has shown an incredible increase in dedicated guest rooms and in-law suites over the past couple of years. This survey from the American Institute of Architects also revealed an influx of home features that accommodate multiple generations and age-in-place features.
Additionally, as Americans age in the coming decades, there will be fewer family caregivers to help them thus leading to this living situation.
For tips on how to accommodate aging parents, visit MarketWatch.