Tuesday, 16 October 2012

Housing Costs Force 1 In 10 Back to Mum and Dad

Almost one in ten people aged between 20 and 40 – equivalent to 1.6 million people - are living with their parents because they can’t afford to rent or buy a home.  The findings, which were taken from a YouGov poll commissioned for Shelter, also reveal 22 is considered the ideal age for young people to move out of their family home.  But with almost a third of first-time-buyers aged over 35*, young people face years of private renting or living with their parents before they can hope to get on the property ladder.  The poll also revealed the impact living at home as an adult is having on the so-called boomerang generation.
    *59% of those living at home say developing new relationships is harder because of their living situation.
    *35% say they feel embarrassed to admit they live with their parents.
    *24% say that their relationship with their parents has deteriorated because they live with them.
Read more on the Shelter website.


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