Record numbers of young forced to live at home

ruggedtoast

Housing apartheid tightens it's grip:

http://www.bbc.co.uk/news/uk-25827061



"Isn't it marvelous that our house has gone up in price by so much darling?"

A quarter of young people in the UK now live with their parents, official figures show.

The Office for National Statistics (ONS) said more than 3.3 million adults between the ages of 20 and 34 were living with parents in 2013, 26% of that age group.

The number has increased by a quarter, or 669,000 people, since 1996.

This is despite the fact that the number of 20 to 34-year-olds in the UK remains almost the same, the ONS said.

In 1996, the earliest year for which comparable statistics are available, there were 2.7m 20 to 34-year-olds living in the family home - 21% of the age group at that time.

The ONS also found young men were more likely to live at home than women. One in three men live with their parents, compared with one in five women.

London has the lowest rate of 20 to 34-year-olds living with their parents, with the figure at 22%.

Northern Ireland has the highest proportion of young adults living with their families at 36%, followed by the West Midlands at 29%.

The ONS said the size of Northern Ireland means it is more feasible to commute to work or university and remain living with parents than in other parts of the UK.

Also, cohabitation in Northern Ireland is about half as common as in the rest of the UK.

'Wider implications'
The ONS suggested the trend of living at home might be due to the recent economic downturn.

Karen Gask, senior research officer at the ONS, said: "I think one of the main reasons is housing affordability, and that's been cited by several academics who've looked into it.

"It's hard for young people to get on the housing ladder."

The ratio of house prices paid by first time buyers to their annual incomes has risen from 2.7 to 4.47 in the period from 1996 to 2013, she added.

Miss Gask also said many were delaying settling down with a partner, choosing to stay with family instead.

She added: "There are wider implications for things like fertility rates, as people often look to move out of the parental home before having children."

Other findings from the ONS study include:

• Some 65% of men and 52% of women aged 20 lived at home in 2013
• The figure decreases with age. At 34, 8% of men and 3% of women were living with parents
• The percentage of young people living with their parents who are unemployed was 13%, more than double the unemployment rate of those who live elsewhere, which was 6%
• A total of 510,000 people aged 35 to 64, 2% of the total population in that age group, were living with parents in 2013 - this rate has stayed stable since 1996, the ONS said.

mayonnaise

Forced to or choosing to?

Miss Gask also said many were delaying settling down with a partner, choosing
to stay with family instead.

Typhoon2000

Mmm... In London where prices are the highest, the least young people live at home. in Northern Ireland where prices are much lower, more young people live at home....

JencParker

mayonnaise wrote: »

Forced to or choosing to?

Choice is relative. If you do not have the income to either buy or rent then you do not have a choice.

Ruggedtoast, I think you may be wasting your time posting here - I doubt you'll find many that care, unless it gives them the opportunity to pontificate about how difficult they had it and how hard they work and how lazy anyone who hasn't done as well as them must be, and..... you get the picture.

JencParker

Typhoon2000 wrote: »

Mmm... In London where prices are the highest, the least young people live at home. in Northern Ireland where prices are much lower, more young people live at home....

But how many of those young people have family living within commuting distance of London? It is where the jobs are, particularly if starting a career, so completely different scenario. Less young graduates are coming to live in London because they cannot afford it.

movilogo

Mmm... In London where prices are the highest, the least young people live at home

May be London figures are skewed by immigrants? They have just come here (and live) of their own so no question of living with parents.

CLAPTON

on might expect that there would be a correlation between the age of starting working and earning money and the age of moving out of home

as well as unemployment levels, rental prices, parental support, young people's housing expectations etc


the solution is of course to build more properties

Hooloovoo

JencParker wrote: »

Choice is relative. If you do not have the income to either buy or rent then you do not have a choice.

Maybe they should just choose to have a baby that they can't afford and then jump to the top of the council waiting list?

Blacklight

JencParker wrote: »

Choice is relative. If you do not have the income to either buy or rent then you do not have a choice.

You have the choice to change your income. Alan Sugar didn't choose to stay at home and whine about having no money.

IveSeenTheLight

As soon as my children are earning, they will be charged rent to live at home.
This will probably be about 25% of their income.
We'll also be insisting that they put away 25% into saving.

This will be to help them to understand the cost of payments and incentivise them to move into their own accommodation (why stay at home when they can buy / rent / share themselves.

The thing they will not know until the time comes, is when they do buy, they will get that "home rent" back to put towards their mortgage.

This may mean that they stay at home for a few more years, but it will also ensure that they are better prepared for when they move out.

[Deleted User]

IveSeenTheLight wrote: »

This may mean that they stay at home for a few more years, but it will also ensure that they are better prepared for when they move out.

Wouldn't you preferred that they saved 50%, then were able to get on the property ladder quicker; probably saving tens of thousands of pounds?