Summary

With a file variety of older adults dealing with housing affordability challenges, shared households might present an essential personal housing security internet if different family members contribute to housing prices.  Utilizing knowledge from the Survey of Revenue and Program Participation, we describe the prevalence and traits of older adults’ shared households (outlined as people who embody any grownup in addition to the householder and householder’s romantic associate). This contains intergenerational households and co-residence with different prolonged household and non-kin.  We discover the security internet perform of shared households by analyzing whether or not and the way a lot older adults contribute in direction of shared housing prices, and the way this varies throughout family varieties.  These descriptive analyses enhance our understanding of the composition and potential monetary impacts of shared households for older adults.

The paper discovered that:

• Sixteen % of older adults are hosts, who share their residence with prolonged members of the family or non-relatives, and 6 % are visitors, who reside within the residence of an prolonged member of the family or non-relative.
• Visitor standing is related to decrease housing prices, and host standing is related to greater housing prices.
• There may be little proof that the affiliation between host/visitor standing and housing prices is dependent upon the familial/nonfamilial relationships between the older grownup and different family members.
• Older grownup recipients of Supplemental Safety Revenue (SSI) have excessive charges of sharing a family as a visitor, and older grownup Outdated-Age, Survivors, and Incapacity Insurance coverage (OASDI) recipients have low charges of sharing a family as a visitor. 
• Shared households are unstable.  Twenty-one % of older adults in shared households transition into non-shared households inside 4 years.

The coverage implications of the findings are:

• Insurance policies concentrating on older adults might must account for the complexity that usually characterizes their households.
• Older grownup hosts might have extra assist given their excessive housing prices.
• The excessive proportion of SSI recipients who’re visitors might mirror inadequacy in profit quantities.