In this episode, Lawrence and Lovely discuss the fascinating shift gaining traction: the return to multi-generational living. With housing costs soaring and social dynamics shifting, more families are considering or returning to multi-generational households. Historically, multi-generational living and extended families often lived under one roof. Before modern housing, this arrangement was the norm, and economic changes influenced family structures. Many contemporary reasons drive this resurgence, from financial pressures and rising real estate prices to the need for increased caregiving support and a stronger sense of community. Multi-generational living is becoming a practical and appealing option for many.
In this episode, Lawrence and Lovely discuss the fascinating shift gaining traction: the return to multi-generational living. With housing costs soaring and social dynamics shifting, more families are considering or returning to multi-generational households.
Historically, multi-generational living and extended families often lived under one roof. Throughout the 19th century, most Americans lived in a multigenerational household, with most elderly Americans living with an adult child. Before modern housing, this arrangement was the norm, and economic changes influenced family structures. Many contemporary reasons drive this resurgence, from financial pressures and rising real estate prices to the need for increased caregiving support and a stronger sense of community.
Multi-generational living is becoming a practical and appealing option for many. To quote a Pew Research Center study, "Living in a multigenerational household appears to confer a financial benefit by buffering residents against poverty, according to census data. Americans living in multigenerational households are less likely to be poor than those living in other households. This is especially true of some economically vulnerable groups, such as unemployed people."
Wait, what's a Financial Griot?
The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. Alainta Alcin, Lovely Merdelus, and Lawrence Delva-Gonzalez give their take on current events relating to your personal finances and wealth mindset. Features in the New York Times, Bankrate, and other publications, the hosts share the stories that others don't.
Stories about growth, opportunity, and even Wars. Beyond that, we tie it back to how it reflects on your finances. Specifically, we teach you how to become financially literate, incorporate actionable steps, and ultimately build generational wealth.
Can you imagine being a Millionaire in 20 years or less?
Yeah, it's possible. Eighty percent of millionaires are the first generation, which means they didn't come from wealth. We teach you how. Join a community of subscribers who welcome a fresh take on money.
So there you have it, The Financial Griot, or TFG for short. The hosts amassed over $3 million in wealth in about eight years and are on track to retire early. We will gladly share the secrets if you want them since the opportunity is abundant and Win-Win.
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