1.6 million Adults Still Living With Parents Study Finds

1.6 million Adults Still Living With Parents Study Finds

Increasing Number of Adults Living With Parents

The enimic economic recovery has created yet another new statistic that reflects the current monetary state of millions.

According to a recent survey performed on behalf of the housing charity Shelter there are 1.6 million adults between the ages of 20-40 who are still living with their parents.

This group is doing so because their economic standing prevents them from either buying a home of their own or even effectively renting a place to live. Those that live with their parents note that it is hard to create or maintain a relationship due to their housing status. Close to 35 percent of those living at home feel embarrassed by the fact that they moved back home and 25 percent say their parental relationship has suffered.

In a side survey over 40 percent of parents believe that their children may never be able to buy a home of their own.

Campbell Robb, chief executive of Shelter, said: “These figures paint a vivid picture of 20- and 30-somethings in arrested development, with our housing crisis putting the brakes on their aspirations for the future.

“Our chronic lack of homes that young people can genuinely afford to rent or buy is at the root of the problem.

“There’s no doubt that young people are grateful to be able to live with mum and dad to save money. But we have to question whether it’s acceptable that this is becoming the norm for people to live at home into their mid-030s, when we know that they are desperate to be independent and make their own way in the world.

“As rents soar and deposits become even further out of reach, the Government needs to look seriously at how it can meet these young people halfway, and make housing more affordable so that this generation and the next can get on in life.”