top of page

Silver Squatters: A Growing Trend in Creative Senior Living

Writer's picture: Joe FrankJoe Frank

As housing prices rise and the cost of living continues to strain budgets, more seniors are embracing a unique and practical lifestyle: becoming “Silver Squatters.” 


This doesn’t mean crashing on someone’s couch without permission - it’s about finding creative and collaborative living solutions to make retirement more comfortable and sustainable.


From moving in with family to sharing homes with other seniors, silver squatting is all about affordability, community, and adapting to modern challenges.





What Are Silver Squatters?


Silver squatters are older adults who opt for shared living arrangements to save money, enjoy companionship, or make the most of their retirement years. This often involves:


  • Renting or sharing a home with other seniors.


  • Moving in with family, such as adult children or grandchildren.


  • Exploring home-sharing platforms that match them with compatible housemates.


It’s a modern twist on multigenerational living, and it’s growing faster than ever - especially compared to previous generations.



Why the Trend Is Booming


  • Economic Pressures: Rising housing and healthcare costs make independent living difficult for many retirees.


  • Family Dynamics: More families are opening their homes to aging parents, a practice that was common in the past but has become a renewed necessity.


  • Social Connections: Shared living arrangements combat isolation, a major concern for older adults living alone.



Moving In With Family: A Common Silver Squatter Scenario


For many silver squatters, the most practical option is moving in with family. While this can be a wonderful opportunity to reconnect, it also comes with challenges.


Adult children may need to provide financial support, help with caregiving, or adjust their routines to accommodate an aging parent.


To make this work smoothly:


  1. Set Clear Expectations: Discuss financial contributions, household responsibilities, and caregiving roles upfront.


  2. Create Boundaries: Establish private spaces for everyone to maintain a sense of independence and balance.


  3. Communicate Regularly: Keep the lines of communication open to address concerns and adjust arrangements as needed.



Balancing Caregiving and Life


For adult children, taking care of aging parents can sometimes feel overwhelming, especially if they’re juggling careers, raising kids, or managing their own households. To avoid burnout:


  • Share the Load: Involve siblings or other relatives in caregiving duties.


  • Leverage Resources: Use local services or programs that provide support, such as adult day care or respite care.


  • Prioritize Self-Care: Remember that taking care of yourself is essential to effectively care for others.



Home-sharing for Seniors: A Popular Alternative


For those who prefer independence, platforms like HomeShareOnline (previously Silvernest.com), Nesterly, or the National Shared Housing Resource Center can help seniors find housemates.


This is a fantastic way to share expenses, avoid loneliness, and stay active in a community.



How Families Can Approach the Conversation


Moving in with family or exploring shared housing can be a sensitive topic. Here’s how to start the conversation:


  • Frame it as a team effort, focusing on mutual benefits.


  • Be honest about financial or caregiving challenges to find practical solutions.


  • Highlight the positive aspects, like stronger family bonds or reduced financial stress.



Is Silver Squatting Right for You or Your Family?


This trend reflects how older generations and their families are adapting to the realities of today’s economy.


Whether it’s moving in with loved ones, finding a housemate, or exploring creative living arrangements, silver squatters are paving the way for a more connected and supportive approach to retirement.



Join the Conversation!


What do you think about this growing trend?


Would you consider moving in with family or sharing your home with others as you age?


Have you already done it?


Drop your thoughts and questions in the comments below.


If you found this article helpful, share it with someone who might be exploring their options!


Need help navigating your housing options? Let’s talk!  Contact me here.


Thanks for reading!


-Joe

Recent Posts

See All

Comments


bottom of page