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A Quarter of Young Adults Live with their Parents, Study Reveals
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
A quarter of young adults in the UK are still living at home with their parents, according to a study by Civitas.
The think tank found that a million more young adults in the UK are living with their parents than were two decades ago, with a quarter of 20-34-year-olds unable to buy their own homes.
This rises to 41% in London, where housing is the most expensive, but falls where homes are the cheapest – in the North East (14%), and Yorkshire and the Humber (17%).
As for 23-year-olds in the UK, the proportion living with their parents has soared from 37% in 1998 to half (49%) in 2017.
The Editorial Director of Civitas, Daniel Bentley, says: “As owner-occupation and social housing have each become more difficult to enter, hundreds of thousands of young adults have taken one look at the high rents in the private rented sector and decided to stay with their parents a bit longer instead.”
He adds that it is essential for the Government to take this into account when forecasting future housing need.
The study also suggests that young adults who do move out of their parents’ homes are much less likely to live on their own than they were in the late 1990s.
Single-person households have dropped to 30% in recent years, it found.
This is in stark contrast to most of northern and western Europe, where single-person living has been increasing rapidly.
In France and the Netherlands, for example, 35% of households are single-person, while this rises to over 40% in Germany and Denmark.
While the report highlights the difficulty in getting onto the housing ladder, it also indicates that even renting from a private landlord is too expensive for young adults today.
Have you experienced an adult child living at home due to high rent and house prices?
