Final answer:
The living arrangements of individuals aged 35 to 64 are influenced by a mix of personal choice, generational shifts, and available resources. Younger adults are more likely to cohabitate or live with their parents, while proactive planning for older age has become more common, reflecting both increased independence and the need for care.
Step-by-step explanation:
Living Arrangements of Individuals 35 to 64 Years of Age
The living arrangements of individuals who are 35 to 64 years old show a diverse range of patterns, influenced by cultural, economic, and generational factors. Among younger cohorts, such as 25 to 34 year-olds, cohabitation has become increasingly common. This is in contrast to earlier generations at the age of 40, where Millennials are less likely to live in a family of their own compared to Gen Xers and Baby Boomers, according to a study by the Pew Research Center.
Furthermore, many individuals are now making proactive decisions about their quality of life in old age while they are still young. This includes planning for retirement, living wills, and medical power of attorney. With more resources available, people in the United States, particularly the 'young-old' age group, are better prepared for aging and are able to live healthier, happier, and more financially secure lives compared to earlier generations.
The increasing elder population in the United States also brings changes to social institutions. There is a rising demand for housing that provides independence and care when necessary. This shift is coupled with broader changes in family structures, such as a higher percentage of young adults living with their parents, showcasing a trend towards extended multi-generational living situations.