Tue 16 Jun 2020
- Father's Day is taking place on Sunday 21st June. Many will be looking forward to a socially distanced meet up, but with more than a quarter of young adults still living with parents, there is no need.
- In the UK, 3.5 million young adults, aged between 20 and 34, live with their parents. This has increased by 46% over the last 2 decades.
- More young adults live with parents as they are staying in education longer, formalising relationships and having children at older ages, and let’s not forget, the increased costs of renting or buying a home.
- In the UK the average age of a first time buyer is 33 and if you choose to rent, on average 27% of income is spent on rent. Therefore, it is no surprise young adults are staying at home longer.
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