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1 in 10 have to live with parents
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 according to a YouGov poll for Shelter.
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The 'boomerang generation' in numbers
The Shelter poll of 5,379 adults has revealed the impact living at home as an adult is having on the so-called boomerang generation:
- Almost two thirds (59%) say that developing new relationships is harder because of their living situation
- Over a third (35%) of adults living at home felt embarrassed to admit they have moved back in with their parents
- Nearly a quarter (24%) said their relationship with their parents had deteriorated
- Nearly half of parents (44%) are concerned that living at home is holding their children back
- Over two thirds (39%) said they still have to do a big family food shop and nearly one in five (19%) said the cost of having their children living with them meant they had less to spend on holidays
- But almost the same proportion (18%) said financial contributions from their children brought household costs down
- Over one in 10 (12%) adults said it put a strain on their relationship with their partner was strained as a result
Shelter: 'Housing shortage means arrested development for UK youth'
Campbell Robb, chief executive of Shelter, said:
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Shelter poll reveals challenges facing 'boomerang generation'
The findings also reveal that 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.
Housing costs force 1 in 10 to move back home
More than 1.6 million people aged between 20 and 40 are living with their parents because they cannot afford to rent or buy their own home, a report revealed today.
Almost half of parents (41%) do not believe their children will ever be able to afford to get on the housing ladder, even if they work hard and save, the survey, by YouGov for housing charity Shelter, found.