A quarter of all workers aged 20-34 still live with their parents

-

shutterstock_83408716

Despite working, 48% of 20 to 34 year olds who live with their parents do so because they can’t afford to rent or buy their own home.

New research from Shelter found that a lack of affordable housing was the single biggest reason that so many young adults are unable to fly the nest. Currently a quarter of all 20 to 34 year old working adults in England – 1.97 million people – are living with their parents.

Several areas of the country see a much higher proportion of young working adults living with their parents. Hotspots for the ‘clipped wing generation’ include Castle Point in Essex where 45% of working 20-34 year olds live with their parents; Knowsley in Merseyside where it’s 42%; and Solihull where the figure is 38%.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

According to our polling, over half of working young adults worry that living in the family home is holding them back from leading an independent life.

Sarah has a good job, but has lived with her parents in the family home in Croydon on and off for the past ten years as she tries to save for a deposit. ‘If I move out noe the reality is I’ll be stuck paying expensive rents for the rest of my life. I know I’m lucky to have a job and somewhere to live, but the thought that I’m going to be living like a teenager into my late 30s or even 40s is really disheartening.’

The latest government figures show average house prices for first-time buyers in the UK have risen by 11.3% in a year.

Campbell Robb, chief executive of Shelter, said: ‘The ‘clipped wing generation’ are finding themselves with no choice but to remain living with mum and dad well into adulthood.  And those who aren’t lucky enough to have this option instead face a lifetime of unstable, expensive private renting.

‘The government knows that the only way to turn the tide of the housing shortage is to fill the gap between the homes we have and the homes we need. Bolder action is needed to meet the demand for affordable homes and not inflate prices further. Politicians of all parties must now put stable homes for the next generation at the top of the agenda.’

Latest news

Sidonie Viala: Pay transparency won’t close inequality if negotiation still drives pay

The EU's Pay Transparency Directive is on track to arrive with a simple promise: visibility will bring fairness. But transparency only exposes outcomes.

Calls grow for working from home as fuel shortages loom amid Iran conflict

Remote work is being urged as fuel shortages linked to Middle East conflict threaten commuting, business operations and workforce stability.

Worker denied leave for 25 years wins £400,000 in holiday pay case

A tribunal awards nearly £400,000 to a worker denied annual leave for decades, raising concerns about holiday policies and employer compliance.

Sustainable business starts with people, not HR policies

Why long-term success depends on supporting employees, not just meeting ESG targets, with practical steps for leaders to build healthier organisations.
- Advertisement -

Hiring steadies but Gulf crisis threatens recovery in UK jobs market

UK hiring shows signs of stabilising, but rising global uncertainty linked to the Gulf crisis is weighing on employer confidence and delaying recovery.

Women ‘face career setback’ risk with flexible working

Female staff using remote or reduced-hour arrangements more likely to move into lower-status roles, raising concerns about bias in career progression.

Must read

The true cost of businesses recruiting the wrong person for the job

In the build up to October's Talent Management &...

Feature Article: The future of consulting

My name is Claire Arnold and I am a...
- Advertisement -

You might also likeRELATED
Recommended to you