
A financial education series dedicated to closing the racial wealth gap by encouraging healthy conversations about financial wellness. Articles in this series appear as part of a strategic partnership between JPMorganChase and The ·¬ÇÑÉçÇøapp.
Financial considerations for multigenerational householdsÂ
For many Black, Hispanic and Latino families, as well as other cultures, multigenerational living is a cherished aspect of home life. It can also be good for your family’s overall well-being. Research indicates there can be financial benefits to multigenerational living, and when executed intentionally, having multiple family members under the same roof can potentially help improve health outcomes, reduce loneliness for older adults and bolster educational outcomes for children.[1] While multigenerational living has…