A quarter of young people in the UK now live with their parents
The Office for National Statistics (ONS) says that 26% of young people between the ages of 20 and 34 were living with a parent or parents in 2013. This represents more than 3.3 million adults and is up 669,000 people since 1996.
The percentage of young adults who were living with their parents in the three-year period from 2011 to 2013 varies across the UK from 22% in London to 36% in Northern Ireland.
The ONS report says: “Both the proximity of cities and large towns for employment and the proximity of universities influence the percentage of young adults who live with their parents. The percentage is also dependent on the number of young people moving into or out of an area.â€
In 1996, the earliest year for which comparable statistics are available, there were 2.7 million 20 to 34-year-olds living with their parents - 21% of this age group at the time.
January 23, 2014
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
