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Seen At 11: Groups Of Adults Turn To Cooperative Households To Save Money

Co-Housing

These three women have sold their homes and moved in together in a cooperative household. (Credit: CBS 2)

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NEW YORK (CBSNewYork) — With the cost of living on the rise and showing no sign of slowing down, total strangers desperate to save money are moving in together.

As CBS 2’s Dana Tyler reported Tuesday, older adults and even families are using this method to pool their resources. And the new communities are redefining the modern family.

Two million Americans over the age of 30 now live with a housemate or roommate, and shared households make up 18 percent of U.S. households – a 17 percent increase since 2007.

One group of women sold their homes and bought a house together in Mount Lebanon, Pa., after they all got divorced.

“It made amazing economic sense,” said one of the women, Jean McQuillin.

McQuillin, Louise Machinist and Karen Bush call their home a “cooperative household.” Each woman has her own bedroom and bathroom, and they share the common areas of the house, chores and expenses.

“We are all really busy,” Machinist said. “We’re hardly ever all here at the same time.”

The women entertain and socialize together, and they even share a pet cat. House rules state how long visitors can stay, and what happens if one of them wants to move out.