Wednesday, December 9, 2009
We’re all Italians now
Student debt, unaffordable house prices and rising unemployment is helping create a generation of mummyâ€™s boys. One in four young men aged 25-29 still live with their parents, compared to one in eight young women. High house prices and student debt mean young adults find it more difficult to move out. Rising joblessness in the recession is also making it harder for young people to live independently. Parents living in outer London are also more likely to have their grown up offspring living with them because these young adults could save by living at home while commuting into central London to work.