Over the past decade, the number of adults in the United Kingdom that live with their parents has grown steadily. According to experts, these numbers will continue to increase if property prices rise, which is presently occurring. For adults still living at home, finances are a major obstacle in the process of moving out, with many people saying in a recent survey they believe they will never own a home. This is a problem, experts say, as adults living at home tend to have higher rates of general dissatisfaction. But it’s one that, for the near future, seems to be continuing.
Key Takeaways:
- This developing pattern of multi-generational living compares with a 45% expansion in house costs for first time purchaser homes.
- The extent of respondents who anticipated that never would move out of the parental home rose to 13% among those matured 25 to 29 and 18% among individuals matured 30 to 34.
- The examination discovered home purchasing is viewed as a noteworthy test. 33% of individuals matured 16 to 34 said they didn’t hope to ever possess a home.
“The number of adults aged 25 to 34 living with their parents in the UK could be set to grow if property prices keep rising, according to a new study. The number of adults in this age group living with parents has risen by 37% over a 10 year period, increasing from 903,000 to 1.23 million, an additional 331,000 people, the analysis from Aviva Insurance shows.”