Channel: Freethink

Category: Education

Tags: multi generational livinghousingintergenerational livingcross generational familybenefits of intergenerational livingmultigenerational livingintergenerational living communitiesintergenerational homesgenerational livingintergenerational housingintergenerational senior livingfamilies living togetherhistorical perspective of intergenerational livingintergenerational communitiesintergenerational community livingmultigenerational housing

Description: Is living with your parents the new American dream Subscribe to Freethink on YouTube ►► freeth.ink/youtube-subscribe Up next ►► Frozen out of homeownership, millennials explore co-buying youtu.be/oCss1k_jNRI Tae and Monica Kim began their marriage with over $100,000 dollars in student debt. It’s an albatross around the necks of many young Americans: how to pay down debt, create savings, afford to start a family — childcare, food, clothing — and own a house? “We couldn’t afford a house,” Tae, a financial blogger, says. “We couldn’t afford childcare. It kind of felt like you got one or the other.” A decade after beginning their life together, however, the Kims have two children, a Golden State home of their own, and no more debt, having cleared the ledger in just three and a half years. The key for them was to not be beholden to the classic vision of the American Dream — strike out on your own, find a home, begin a family — and to instead find and live their version of the American Dream. And what does that dream look like? The Kims live with Tae’s parents, an arrangement which allowed them to afford to keep both of their careers, put them in a house of their own, and provided access to childcare. Financial burdens were lessened — one set of utility bills, one mortgage, a whole kitty to help pay for groceries — and social support was built right into the arrangement. Read the full story here ►► freethink.com/series/hack-the-dream/intergenerational-living This video was created in partnership with Million Stories Media. ◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠ Read more of our stories on homeownership: Startup is turning abandoned houses into affordable homes ►► freethink.com/social-change/abandoned-houses Tiny home village offers services for homeless people ►► freethink.com/social-change/homeless-people From homeless to homeowner with a $6K fixer-upper ►► freethink.com/series/catalysts?media_id=4FUR4P2P ◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠◠ About Freethink No politics, no gossip, no cynics. At Freethink, we believe the daily news should inspire people to build a better world. While most media is fueled by toxic politics and negativity, we focus on solutions: the smartest people, the biggest ideas, and the most ground breaking technology shaping our future. ◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡◡ Watch our original series: ► Hard Reset: freeth.ink/youtube-hard-reset ► Just Might Work: freeth.ink/youtube-just-might-work ► Challengers: freeth.ink/youtube-challengers Enjoy Freethink on your favorite platforms: ► Daily editorial features: freethink.com​ ► Solutions-based stories, straight to your inbox: freethink.com/subscribe ► Facebook: facebook.com/freethinkmedia​ ► Instagram: instagram.com/freethink​ ► Twitter: twitter.com/freethinkmedia​ ► Join the Freethink forum: facebook.com/groups/freethinkforum