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'Boomerang' trend of young adults living with parents is rising – study


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'Boomerang' trend of young adults living with parents is rising – study

https://www.theguardian.com/society/2020/oct/18/boomerang-trend-of-young-adults-living-with-parents-is-rising-study

 

Research found nearly two-thirds of childless single adults aged 20-34 in the UK have either 
never left or have moved back into the family home because of a combination of a precarious
job market and low wages, sky-high private sectorrents and life shocks such as relationship 
breakups.

Around 3.5 million single young adults in the UK are estimated to live with their parents, an 
increase of a third
over the past decade, and a trend that is likely to accelerate as the economic and social
impact of the coronavirus pandemic deepens.

“Children living at home well into their 20s is not a temporary phenomenon, it’s here to stay,
” said Katherine Hill, senior research associate at the Centre for Research in Social Policy 
at Loughborough University. “A lot of young people will spend most of a decade of their lives 
living like this.”

Staying on in the family home when childhood ends is now common across all ethnic backgrounds 
and most income groups as opportunities for young adults to fly the nest diminish.

The Loughborough research – the first large-scale quantitative study into the phenomenon – 
found 71% of young single adults were living with their parents during their early 20s, and a 
majority (54%) were living at the parental home in their late 20s, falling to a third of those 
in their early 30s...

.....Low-income households are more likely to see living standards fall if adult children live 
at home because the benefit system would reduce their payments. A family on benefits with a
24-year-old at home is typically £90 a week worse off, relative to its basic living costs, 
compared with having a child aged 14, the research suggested.

The growing cost of housing has fuelled the boomerang trend, with the proportion of adults 
aged 25-34 owning a home falling from 55% in 1996 to 34% in 2016. Renting privately consumed
9% of tenants’ income on average in 1961; by 2017 it accounted for 36%. Stagnating wages and
insecure employment for young people are also factors.

 

Edited by Saving For a Space Ship
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The banks know this which is why during adverts of popular TV programmes they advertise their family springboard mortgages as they know the family will be together watching TV, where parents can put the deposit down and take the risk and try and guilt trip young people by saying your to old to be living at home, you need your own space, sign your life away with one of our mortgages, but it is at the expense of Mum and and Dad. They are getting quite desperate to get FTBs to sign upto their 35+ year mortgages with mummy and daddy deposits and help to buy as well, crazy money needed! 

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I am one of these people in their late 20s - though I am hoping to buy somewhere next year. Multifactorial - wages have not kept up with inflation, house prices have ran away and frankly I don’t feel like paying someone else’s mortgage if I can help it. Loads of people my age think similarly.

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I’m mid 30’s and back with my parents after having moved out 15 years ago. Basically working from home and the upcoming apocalypse in housing/jobs that even my boomer parents can see coming makes it the ‘easy’ decision for all concerned when normally it would have stigma attached. This must be happening all over.

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I’m mid 30’s and back with my parents after having moved out 15 years ago. Basically working from home and the upcoming apocalypse in housing/jobs that even my boomer parents can see coming makes it the ‘easy’ decision for all concerned when normally it would have stigma attached. This must be happening all over.

It is......no shame, all in it together, birds of a feather flock together.;)

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I think there was a similar thread over a decade ago.

Here we go: 

 

or this

 

Though  I think Van wins the prise back in 2004!!!

 

 

Edited by Mikhail Liebenstein
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I haven't lived with my parents since I was 16 years old. The idea just seems so alien to me. 

I have friends who've been unable to live on their own due to psycholigical issues, I've seen them try and fail miserably. 

I've had some psychiatric issues myself but thankfully avoided homelessness throughout most of that, I  had a short stint when I was 18 at uni and a month where I had to live with my girlfriend when I was 26 but I don't think this counts.

I can't imagine how much worse it would have been had I been homeless for an extended period. There must be a fair contingent of homeless people with deep rooted psychological problems that are only made worse by their housing situation. How many would be able to live with their parents I dunno, some parents would disown them but perhaps a lack of a family home makes their illness worse.

Edited by spacedin
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I am one of these people in their late 20s - though I am hoping to buy somewhere next year. Multifactorial - wages have not kept up with inflation, house prices have ran away and frankly I don’t feel like paying someone else’s mortgage if I can help it. Loads of people my age think similarly.

This has always been the case, i didn't leave home until i was 22, forced to rent for 5 years before i bought a house, now in my 50's have traded up 2 times. My secret, i dont like Avocado on toast, give me a bacon sandwich anyday.

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This has always been the case, i didn't leave home until i was 22, forced to rent for 5 years before i bought a house, now in my 50's have traded up 2 times. My secret, i dont like Avocado on toast, give me a bacon sandwich anyday.

Feel free to host your own TV show where you work a minimum wage and buy your own house as well as Renting to a BTL landlord. You can call it 'Boomer Fixed it for me'

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Feel free to host your own TV show where you work a minimum wage and buy your own house as well as Renting to a BTL landlord. You can call it 'Boomer Fixed it for me'

Boomer? Crusties, should all have the good grace to die and hand down their money to us, who know how to spend it. Gen X for the win.

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Even if not possible to buy a home there were council homes available could rent for those that earned low wages, the rent paid matched work income, when/if things got better was given the opportunity to purchase the home no deposit required that had rented for many years......problem is they were not replaced.......instead were replaced with BTL mortgages and private landlords the whole rental business privatised for profit......offering many people no stability, no security, no hope.;)

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Boomer? Crusties, should all have the good grace to die and hand down their money to us, who know how to spend it. Gen X for the win.

Bitter little thing aren't you?  Perhaps I should recognise your 'privilege' and laud your amazing life skills and decisions as you took advantage of the most benign economic growth period of the 20th century.

A rising tide lifts all ships - my comment was to see if you can still do that in the maelstrom we're in now?  If not, perhaps a little sensitivity wouldn't be amiss?

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Even if not possible to buy a home there were council homes available could rent for those that earned low wages, the rent paid matched work income, when/if things got better was given the opportunity to purchase the home no deposit required that had rented for many years......problem is they were not replaced.......instead were replaced with BTL mortgages and private landlords the whole rental business privatised for profit......offering many people no stability, no security, no hope.;)

My memory is hazy here but, if I recall correctly, it was Heseltine that promised to replough right-to-buy money into more council houses and was stabbed in the back by Thatcher for his troubles.

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Even if not possible to buy a home there were council homes available could rent for those that earned low wages, the rent paid matched work income, when/if things got better was given the opportunity to purchase the home no deposit required that had rented for many years......problem is they were not replaced.......instead were replaced with BTL mortgages and private landlords the whole rental business privatised for profit......offering many people no stability, no security, no hope.;)

Still hold a grudge with my Mum for being a socialist, she went to a private girls school FFS. She could have bought her 4 bed terraced council house built in 1977 (when we moved in from a 2 bed Victorian cottage) for £50k in the mid 90's under right to buy. Me and my next eldest sibling pleaded with her to do it and said we would happily get a joint mortgage with her. 

Even with 8% IR payments would have been not to much  more than her rent.

She refused, said she wanted another "Working Family" to have a council house when she was done with it, this is S/E Herts/Bucks Border. 

She kept to her word about 4 years ago, when 3 of her kids had flown the nest and it was just my younger Brother (in his late 30's), her and her Boyfriend, she swapped it for a smaller 2 bed, 3 streets away on the same estate. Single mum with 5 kids from different dads moved in. Aparrently they have wrecked it already!  So sad, such a waste of equity. But she is a stubborn cow and wont listen to reason, has never applied for tax credits despite being rightfully due them. "I wont be a benefits scrounger" were here words. I gave up trying to explain Gordon Browns "miricle" for the low paid. 

2 identical houses in that postcode street area now up for sale for £400k, last one to sell was 2018 for £375k. 

She gave up an 8 x return so some chav slag could have a cheap house. Saddens me. 

 

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My commiserations. 

Say it as i see it. She is a fiercely protective of her beliefs. I feel sorry for the boyfriend of 20+ years. she has made damn sure his name is not on her council rent book, and has already arranged behind his back to have my mid 40's brother still living with her, "named" as the "council house heir" to her no 2 bed. 

Apparently this is a thing, if family are living with you when you die you can pass your council house rent book down to them, keeping it in the family.

 

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Still hold a grudge with my Mum for being a socialist, she went to a private girls school FFS. She could have bought her 4 bed terraced council house built in 1977 (when we moved in from a 2 bed Victorian cottage) for £50k in the mid 90's under right to buy. Me and my next eldest sibling pleaded with her to do it and said we would happily get a joint mortgage with her. 

Even with 8% IR payments would have been not to much  more than her rent.

She refused, said she wanted another "Working Family" to have a council house when she was done with it, this is S/E Herts/Bucks Border. 

She kept to her word about 4 years ago, when 3 of her kids had flown the nest and it was just my younger Brother (in his late 30's), her and her Boyfriend, she swapped it for a smaller 2 bed, 3 streets away on the same estate. Single mum with 5 kids from different dads moved in. Aparrently they have wrecked it already!  So sad, such a waste of equity. But she is a stubborn cow and wont listen to reason, has never applied for tax credits despite being rightfully due them. "I wont be a benefits scrounger" were here words. I gave up trying to explain Gordon Browns "miricle" for the low paid. 

2 identical houses in that postcode street area now up for sale for £400k, last one to sell was 2018 for £375k. 

She gave up an 8 x return so some chav slag could have a cheap house. Saddens me. 

 

the chav *lag will probably end up better off than you in the end. i would feel mad too. 

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Still hold a grudge with my Mum for being a socialist, she went to a private girls school FFS. She could have bought her 4 bed terraced council house built in 1977 (when we moved in from a 2 bed Victorian cottage) for £50k in the mid 90's under right to buy. Me and my next eldest sibling pleaded with her to do it and said we would happily get a joint mortgage with her. 

Even with 8% IR payments would have been not to much  more than her rent.

She refused, said she wanted another "Working Family" to have a council house when she was done with it, this is S/E Herts/Bucks Border. 

She kept to her word about 4 years ago, when 3 of her kids had flown the nest and it was just my younger Brother (in his late 30's), her and her Boyfriend, she swapped it for a smaller 2 bed, 3 streets away on the same estate. Single mum with 5 kids from different dads moved in. Aparrently they have wrecked it already!  So sad, such a waste of equity. But she is a stubborn cow and wont listen to reason, has never applied for tax credits despite being rightfully due them. "I wont be a benefits scrounger" were here words. I gave up trying to explain Gordon Browns "miricle" for the low paid. 

2 identical houses in that postcode street area now up for sale for £400k, last one to sell was 2018 for £375k. 

She gave up an 8 x return so some chav slag could have a cheap house. Saddens me. 

 

Depressingly it didn't go to a working family

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Depressingly it didn't go to a working family

Exactly.........would have been a noble cause if it had. And now me a my other siblings have no "fallback" house to go to after a row with Partners. I really miss not having my old bedroom back and mum waiting on me when the wife had taken and arguement to far, and i could just walk out and spend a few days cooling off, in the pub with my brother, ignoring the wife's frantic texts and voice messages as she had to cancel work to deal with the kids and school. 

Those two spare bedrooms, despite being "box" rooms, were handy in modern life.  And we rarely see Mum for Xmas anymore as her new house is just to small, has no dining room. 

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  • 433 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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