The Prevalence and Predictors of Intergenerational Living Arrangements Among the Elderly
*Names in bold indicate Presenter
However, while this paper identified this living situation as a significant option among older adults, it raised more questions than answers about the timing of these transitions in old age, the relative importance of financial versus health factors, and the length of time that these arrangements persist. To the extent that these moves have been precipitated by financial stresses, the increasing share of older homeowners carrying mortgage debt into retirement may put increased pressure on children and other relatives to live with older individuals as a means of addressing their needs for assistance. (Or there may also be cases where the moves are precipitated by the financial needs of adult children.) There are also questions about whether these arrangements are more likely with larger numbers of children providing more opportunity for living partners. With declining family sizes, these arrangements may become less common in the future, increasing demand for housing with services.
This paper will use the HRS to examine the rate of transitions into intergenerational living arrangements among individual age 50 and above, examine the financial, health, and demographic factors associated with the initiation of these arrangements, and assess the length of time that the intergenerational living situations persist for.