A new study from Generations United, Family Matters: Multigenerational Living Is on the Rise and Here to Stay, finds that the number of Americans living in a multigenerational household with three or more generations has nearly quadrupled over the past decade, with a dramatic increase of 271 percent from 2011 to 2021 (7 percent vs. 26 percent). Our report found that 66 percent of those living in a multigenerational household say the economic climate was a factor in their living arrangement. Among the top reported causes, 34 percent said the need for eldercare was a reason and 34% said childcare was a reason.
In this episode—Larry Nisenson, senior vice president and chief commercial officer of Genworth's U.S. Life Insurance Division—joins Generations United's Executive Director Donna Butts to discuss his own role as a caregiver to his parents, ways employee caregivers can advocate for resources, and how employers can support employee caregivers.
"The best we can do as the advocates for caregivers is try and tell that story and arm the emerging caregiver with all of the tools and help we can provide for them to make that burden as easy as we can." —Larry Nisenson
Resources mentioned in the show:
• Family Matters: Multigenerational Living Is on the Rise and Here to Stay
• GenWorth sites for advocacy: GenWorth.com and CareScout.com