THE number of young people living with their parents has leapt by a quarter in less
THE number of young people living with their parents has leapt by a quarter in less than 20 years as rising house prices stop them moving out, according to the Office for National Statistics.
In a report, the ONS said that 3.3 million adults in the UK aged between 20 and 34 were now living with one or more of their parents â€” equivalent to 26 per cent of the age group.
It means an extra 669,000 young people are living at home, even though the number of 20- to 34-year-olds is the same now as it was in the Nineties. The figures also reveal that men are nearly twice as likely as women to remain with their parents.
Living at home is more common among 20- to 24-year-olds, of whom 49 per cent nationwide lived with their parents in 2013. That compares with 21 per cent of 25- to 29-year-olds and eight per cent of 30- to 34-year-olds.
The ONS attributed the figures to a rising delay in getting married, staying in education for longer, and rising house prices and deposits.