As people age, they often find that their living situations
no longer meet their needs. Whether it's due to health issues, financial
constraints, or a desire to simplify their lives, older adults may choose to
move in with their adult children. This phenomenon is known as the
"reverse-boomerang effect," and it has become increasingly common in
recent years. While this can be a great option for some families, it also
requires careful consideration and planning to ensure everyone's needs are met.
Here are six things to consider in preparation for a reverse-boomerang:
1. Have open and honest conversations
Before making any decisions, it's
important to have open and honest conversations that involve both parents and
siblings about the possibility of them moving in with you. Discuss
expectations, boundaries, and concerns that everyone may have. Be sure to
listen to needs and wishes and try to find a solution that works for everyone.
2. Create a living space
Once it is decided that your
parents will move in, it is important to create a living space that meets their
needs. This may mean renovating a spare bedroom or adding an extension to your
home. Be sure to consider their current and future mobility and accessibility
needs when designing the living space.
3. Establish routines and expectations
Living with parents as an adult
can be an adjustment for everyone involved. Establishing routines and
expectations can help make the transition smoother. Discuss meals, chores, and
other daily activities, and be clear about each person's responsibilities.
4. Consider their healthcare needs
As people age, their healthcare
needs may become more complex. Consider whether you will be responsible for
coordinating their medical care or if they will continue seeing their own
healthcare provider. If they have ongoing medical needs, you may need to make
modifications to your home to accommodate them.
5. Plan for socialization and independence
Living with adult children can be
isolating for parents, particularly if they moved away from their own community.
Be sure to plan for socialization and independence by encouraging parents to
maintain their hobbies and interests, and help them connect with local
organizations or social groups.
6. Discuss finances
Moving in with adult children can
have financial implications for both parties. Discuss how expenses will be
split, and whether any financial support will be provided by either party. If
you are planning on making renovations to your home, be sure to budget
accordingly.
The reverse-boomerang effect is a growing trend that
reflects the changing nature of family dynamics and the challenges faced by
older adults. While it is not without its challenges, it can offer a sense of
security, comfort, and intergenerational support. As the population ages and
economic pressures continue to mount, it is likely that more and more families
will choose to embrace this trend and explore the benefits of living together
as a multigenerational household. Ultimately, the decision to have parents move
in with adult children should be made with the best interests of everyone
involved.
If you would like to receive more information on making smart money moves for your future, be sure to contact us today!
