Sun, 19 Jan 2025

'I live with my mum because I can't afford to move out'

Living with your parents in your 20s and 30s has its challenges, but many can't afford to move out.

* The UK is experiencing high energy prices, soaring rents (9% per year), and record-high house prices, making it difficult for young adults to move out of their family homes.
* Many adult sons are still living with their mothers, with some contributing to household expenses but still relying on their parents for certain things like laundry.
* A recent report by the Institute for Fiscal Studies found that 25-34 year olds who live at home have increased by over a third in nearly two decades, with men more likely than women to stay with their families.
* The sharpest rise is among those in their 20s, with many unable to afford living independently due to financial constraints.
* Examples of young adults still living with their parents include Will Thompson and his mother Anne, who has a strong family unit but acknowledges that there can be friction when it comes to personal space and independence.
* Kieran Fifield, an NHS administration manager, lives at home with his brother and mother after completing his studies during the pandemic, due to high rental prices on the southern coast of England.
* The Financial Conduct Authority has proposed loosening lending rules to help first-time buyers purchase a home.
* Many young adults are finding ways to make living with their parents work, such as having their own space and freedom while still enjoying family activities together.
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