Presentation on theme: "THE NEW (OLD) AMERICAN FAMILY Multigenerational Living in the 21 st Century John L. Graham The Paul Merage School of Business University of California,"— Presentation transcript:
THE NEW (OLD) AMERICAN FAMILY Multigenerational Living in the 21 st Century John L. Graham The Paul Merage School of Business University of California, Irvine [email@example.com]
Problem Definition Is Key Greed Debt Government regulation Government deregulation Sub-prime mortgages Executive incentives Efficient markets theory Eternal business cycles The Chinese The Greeks Adam Smith Alan Greenspan Ben Bernanke* Henry Paulsen* Bill Clinton George W. Bush* Christopher Cox* Tim Giethner Barack Obama* Harvard* You (according to H. Cain) Adolph Hitler
Percentage of Multigenerational Households (AARP analysis of U.S. Census data)
Circa 2011 in America More than 20 million 18-34 year-olds live with their parents (spring training!) More than 50 million Americans live in more than 7 million multigenerational households Both numbers have been growing fast A return to reliance on the extended family, that is, a cultural shift
Book Topics Deciding to live together Financial and emotional benefits Financial and legal planning Proximity and privacy Remodeling home for adult children or parents Making co-habitation agreements
Over a dozen different types of housing options: Accessory apartments - attached or detached Duplexes Adjacent houses Townhouses Family compounds Condos
Accessory Apartments Granny/sonny flats In-law units Second units Garage conversions Cottages
Lately, we work to deliver the elevator shaft as a possibility for a conversion down the road with removable floor plates…and stacked closets on the first and second floors. Director of Architecture, Pulte Homes in Blueprint for a New American Home Wall Street Journal, 11-2-11
Universal Design Is Crucial in 21 st Century The current housing stock in America is inadequate for the baby-boomer generation Basic issue – room for a wheelchair For builders For re-modelers
Daunting Obstacles Four cultural curses and a blessing The missing – ter – I Sameness Wide-open spaces (1/3 rd estimate) Immigration Laws that favor your Grand Prix over your Grandparents
Occupants per Household around the World in 2010 5.2 India 4.8 Philippines 4.3 Vietnam 3.8 Mexico 3.4 China Source: Euromonitor 2.6 Spain 2.6 USA 2.5 Japan 2.3 UK 2.0 Germany
In 2020, when baby boomers are forced back into the homes and care of their kids, everyone may see it as a positive thing… the best kind of family reunion.
Bill: My wife and I enjoyed a few short years of three-generational living in a two-flat house in Chicago. We occupied the first floor. Our daughter and husband and our two grandchildren lived above us. We sat around the same dinner table every night. Those were the happiest, richest, and most rewarding years of our lives.
Resources Elder care Family communication books Household aids/products for seniors Organizations for seniors Remodeling www.AllintheFamilyBook.Us, latest literature, videos, curriculum design, this power-pointwww.AllintheFamilyBook.Us www.GU.org, the Generations United website/organization posts important new information on the topic in a most timely mannerwww.GU.org
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