Almost a fifth of adults aged 24-34 are living with parents, particularly in areas of high-cost housingThe “hotel of mum and dad” is the busiest it has been for two decades as an increasing number of young adults in the UK choose – or are forced by low wages and rising rents – to live with their parents, research has found.The prohibitive cost of renting, let alone buying, a home explains why more twenty- and thirtysomethings are “co-residing” with family at an age when their parents would have been living independently, the Institute for Fiscal Studies (IFS) said. Continue reading…
Source link : https://www.theguardian.com/society/2025/jan/11/hotel-of-mum-and-dad-in-uk-at-its-fullest-in-two-decades-study-finds
Author : Patrick Butler Social policy editor
Publish date : 2025-01-11 00:01:00
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‘Hotel of mum and dad’ in UK at its fullest in two decades, study finds
