BUSINESS INSIGHTS: SA embraces multi-generational living

Multi-generational living is growing in South Africa, driven by economic challenges, cultural factors, and the desire for stronger family bonds.

The latest data that we could find to support our on-the-ground findings around multi-generational living was from Statistics SA in 2022, which stated that 32% of households were in fact multigenerational. For some homeowners, having additional family members move in is seen as an unwelcome imposition but others are embracing multi-generational living wholeheartedly, building additional dwellings on their property or converting unused space to granny flats.

Other benefits of multi-generational living include shared responsibility for household expenses, increased security and assistance with child and elderly care. Ensure that every family member or generation has their private area within the home, whether it’s a separate bedroom or living area, as well as expectations around privacy and personal belongings. Be willing to compromise and adapt to each other’s needs and preferences.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUSINESS INSIGHTS: Design a Logo that grows your businessDesign a standout logo using bold fonts, colors, and simplicity to build trust and attract customers for your business.
Source: TheSAnews - 🏆 25. / 59 Read more »

BUSINESS INSIGHTS: Best logo colours for your small businessExplore how logo colours like red, blue, and green shape brand perception, evoke emotions, and impact your business identity.
Source: TheSAnews - 🏆 25. / 59 Read more »

BUSINESS INSIGHTS: Branding is so much more than a logoBranding expert Lisa Clunie of Thrive Studios helps businesses build trust and loyalty through memorable, impactful brand connections.
Source: TheSAnews - 🏆 25. / 59 Read more »

BUSINESS INSIGHTS: Types of fonts you should choose for your LogoFont choice in logo design shapes brand identity by evoking emotions and enhancing your logo's impact. Explore this quick guide.
Source: TheSAnews - 🏆 25. / 59 Read more »

BUSINESS INSIGHTS: Legal implications of using AI generative servicesUnderstanding the specific local legislative environment impacting the use of generative AI services such as ChatGPT.
Source: TheSAnews - 🏆 25. / 59 Read more »

BUSINESS INSIGHTS: The surprising value of free logosLow-resolution free logos from LogoDek support startups with branding and online presence before upgrading to high-resolution designs.
Source: TheSAnews - 🏆 25. / 59 Read more »