October 2012
Featured in this insight: Charity & not-for-profit, Financial services, Public health & wellbeing
Figures show 1.6 million still living with parents: According to a recent survey conducted by YouGov for housing charity Shelter, more than 1.6 million adults aged between 20 and 40 are still living with their parents due to the fact they cannot afford to buy or rent a home.
The poll consisted of 5,379 people, with over two-fifths (41%) admitting they don’t think their children will ever successfully save up enough money to get on the property ladder.
Those living at home said they found it more difficult to live a normal life, with 59% claiming they found it harder to establish new relationships due to their domestic situation. Also, over one in three (35%) adults are embarrassed about moving back in to the family home, while 24% admitted their relationship with their parents has worsened as a result.
In addition, 17% of parents said that their adult children living with them impacted on their lives, while almost a fifth (19%) said they had less money to spend on holidays due to their children being at home.
Ross Morris, researcher at the University of Glasgow, gave his view on the market research findings: “These figures clearly show the significant difficulties faced by younger people in attempting to access good quality, affordable accommodation.”
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