Why Multi Generational?

If you think Americans aren’t prepared for retirement today, you should have seen what it was like a century ago. In 1900, 65% of men over age 65 were still in the labor force. By 2010, that figure was down to 22%. The entire concept of retirement is unique to the past few decades.

You need an annual income of $34,000 a year to be in the richest 1% of the world, according to World Bank economist Branko Milanovic’s 2010 book The Haves and the Have-Nots. To be in the top half of the globe you need to earn just $1,225 a year. For the top 20%, it’s $5,000 per year. Enter the top 10% with $12,000 a year. To be included in the top 0.1% requires an annual income of $70,000. America’s poorest are some of the world’s richest…and ONLY 4% of humans get to live in America. Odds are you’re one of them. We’ve got it made. Be thankful.

What this means to me? Well…where do I start…

– More people (hopefully your Parents & even Grandparents) living into their 80’s & 90’s with even a few 100’s thrown in…

– More need for assisted living – either large, non-personal, apartment-like corporate facilities – or small “on-site” locations – your (and hopefully your parents & grandparents) choice…

– Less opportunity to find that perfect spot for your & your extended family to spend you (and their) retirement years…

Anyone with or that has had kids – can you say “built-in” child care! by some of the most trusted people in your life!!…RIGHT NEXT DOOR!!! Now, I haven’t had to check the cost of daycare centers for a LONG time, but when you add in the convenience of not having to pick up OR drop off the kids before OR after work 5 DAYS A WEEK, well sign me up!

Kids already grown and (you thought) out of the house – well, not sure if you’ve seen the college job rates and the length of time it takes toi gert a job as well as the increasing difficulty with obtaining creidtand/or dpwnpayment fopr a fisrt time home, your kids might need some help and where better off to help them by having the living with you, but not WITH you

Kids all set with their own places – EXCELLENT! You did a great job at raising them…now what about MOM and DAD?…

Have you had to price the cost of assisted-living homes or around-the-clock caregivers services yet? I pray you never have to, but if you do…be prepared. What if your Parents lost the ability to care for themselves? Are they some of the fortunate few who had saved enough to make this transition happen?

If not – wouldn’t it be great to have Mom and/or Dad living next door and be able to give them the love and support when they need it the MOST?

A Multi Generational floor plan is simply one where a typical single family residential home is combined – under the same roof – with a stand alone attached unit.

 

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