Property News · January 11, 2025

‘Hotel of mum and dad’ in UK at its fullest in two decades, study finds


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 : theguardian.com
Read more…‘Hotel of mum and dad’ in UK at its fullest in two decades, study finds

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