Most young people assume they will leave home and live in their own place as an independent adult. But the official statistics show a quarter of under-35s are still living in the parental home. These figures don’t include students living in temporary accommodation while away studying, but a larger proportion of students are opting to stay at home while studying. A BBC report shows the cost of buying a home has risen for successive post-war generations and the percentage of income spent on housing has been rising.
“A large percentage of 15- to 19-year-olds would be expected to be living with their parents; the number of young adults living with their parents decreases with age. Looking at 20- to 34-year-olds, the number living with their parents has increased from 2.7 million in 1996 to 3.3 million in 2013 (a statistically significant increase) and has since remained around 3.4 million. The percentage living with their parents has risen from 21% in 1996 to 26% in 2017.” https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/families/bulletins/familiesandhouseholds/2017
About a third (32%) of males aged 20 to 34 years are now living with their parents, compared to 20% of females.
Why? Some stay in education and training for longer. People tend to establish long-term couple-based relationships later and have children at older ages. A big factor is the increased costs in renting or buying a home.
The ONS put together a summary article explaining the long-term trend:
- The percentage of young adults owning their home decreased from 55% in 1996 to 30% in 2015 for 25 to 29 year olds; and from 68% to 46% for 30 to 34 year olds.
- In 2014, 24% of UK University undergraduates opted to stay at home living with parents whilst studying, compared with 12% in 1996.
- The average age at first marriage for men in England and Wales was 32 years in 2012 compared with 29 years in 1996.
- The average age for women in England and Wales to have their first birth was 29 years in 2014 compared with 27 years in 1996.
- Changes to housing benefit entitlement for those aged under 35 is also likely to have had some impact on young adults being able to leave the parental home.