I Love Rock And Roll Come Together And My Generation

I Love Rock And Roll Come Together And My Generation

    Years ago my friend Michael prophesied that the generation gap between depression era parents and the baby boomers would one day be a thing of the past.  And ironically, one of the bridges that would cause us to “come together” was a mutual love of Rock and Roll (previously one of the broadest chasm between the generations.)  


    Well the time has come.  The Beatles and the Rolling Stones are among the top four favorite bands among those surveyed ages 16 to 29 and 50 to 64, according to Pew.   And, it has been reported that a majority of millennials get along with their parents.  That’s great news, because more and more families are seeing the benefits of multiple generations living under the same roof. 


    The multi generational home is a safety net, of course. The bigger story is how it reflects the economic benefits of multiple generation cohabitation.  For one thing, pooling financial resources among the generations is a smart way to lower the overall cost of home ownership. That’s before taking into account built-in child care (at least for emergencies and date nights) and easy monitoring when aging parents turn frail. Shared ownership allows young adults to build up savings and the older generation to draw down less on retirement savings.


    The embrace of the multi generational home may get an additional boost from the resurgence of entrepreneurial energy across the country. The American garage may be the legendary birthplace for dynamic businesses, but for many entrepreneurs the home will do. Digital technologies make it practical and relatively cheap to start and run small businesses out of the home.


    Surveys routinely show that younger workers expect to pursue multiple jobs. The idea of joining the ranks of micro entrepreneurs holds enormous appeal, especially to pursue indie capitalist endeavors like part-time web designer, musician, and kick starter-funded artisan.


    A similar entrepreneurial vigor is even more apparent among aging boomers. According to the Kauffman Foundation, Americans ages 55 to 64 start more businesses than any other age group. Last year, businesses begun by that demographic accounted for almost one-quarter of all new businesses, up from 14 percent in 1996. Entrepreneurs who live together can cut expenses and share resources. (Hey Mom, do you have any paper for printing? Son, let’s share wireless costs.)


    The rise of mobile, low-cost information technologies has blurred the traditional lines between home and office for a considerable period. The same technologies are fueling the rise of collaborative business enterprises such as Uber, Airbnb, TaskRabbit, co-working office space, and similar efforts. The same insight and dynamics are behind the trend of generations living under the same roof. Imagine, thanks to the potent combination of technology, economics, and social relations, our grandchildren are likely to think the multigenerational home is normal.

 


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Phone: 973-934-2276
Dated: June 1st 2015
Views: 1,553
About Barbara: A "Jersey Girl" at heart, Barbara Reed was raised in North Jersey and returned home after stays in C...

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