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NHF slams news that quarter of UK's young adults still living with parents

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NHF slams news that quarter of UK's young adults still living with parents

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Published by Max Salsbury for 24dash.com in Housing and also in Communities

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The National Housing Federation has slammed recent figures that reveal 26% of the UK's young adults were still living with their parents in 2013.

The percentage equates to 3.3 million people aged between 20-34 who have not been able to move out of the family home.

The ONS's figures show that the number of young adults continuing to live with their parents has swelled since 1996.

And nearly double the amount of young adult males are still living with their parents compared to females.

At 36%, Northern Ireland has the highest proportion of the age group living with parents.

The statistics also show that young adults who live with their parents are more likely to be unemployed than those that have moved out.

NHF chief executive David Orr said: “Moving out and setting up a home of your own is a normal rite of passage. Yet these figures show that England is becoming a country where young adults are struggling to spread their wings and be independent.

“Two-thirds (66%) of parents with at least one adult child living at home say they are doing so because they simply can’t afford to move out1. And the situation will only get worse: our research shows that by 2020 rents will rise 39% and house prices will shoot up by 35%2.

“Unless we build more of the right homes at the right prices in the right areas, adult children will be stuck in their childhood bedrooms and parents will be unable to move on with their lives.

“With thousands locked out of home ownership and struggling with rents, the Yes to Homes campaign is giving people a chance to speak up and say we need to build more homes locally.”

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