Record high of young adults living with parents, reveals report

A report by the Office for National Statistics (ONS) reveals that in 2023 42% of people aged between 15 and 34 were still living with their parents. This includes 60% of all 21-year-olds and 50% of 23-year-olds. Sarah Coles, head of personal finance at the investment platform Hargreaves Lansdown, said: "Flying the nest used to be a rite of passage, now it's a right reserved for those with plenty of money. Some 3.6m of those aged 20 to 34 are still stuck at home in their childhood bedroom.” She added: "In a huge number of cases it comes down to the fact they can't afford a place of their own".

The Sunday Times (19/05/2024)