“Have you emptied the bin yet? Get these dishes cleaned. We’re watching the telly right now, you’ll have to wait. What time will you be home? Are you staying for dinner?”
These phrases sound familiar to you? That’s probably because you still live with your parents, but not to worry – you’re not the only one. Latest findings from the National Office of Statistics have found that over a quarter of young people between the ages of 20 and 34 still live with their parents.
…evolving from the parent-child relationship to a more adult one is difficult…
With an estimated 3.3 million young people unable to fly the nest, what is this doing to the normal family dynamic? If you are within this age category and still live at home, you’ll know that evolving from the parent-child relationship to a more adult one is difficult. You’re still abiding by house rules, completing chores and have no real independence when it comes to running the home. In most cases though, it’s not the young person’s fault or choice. With the recession and the rising cost of living, in many cases it is just not financially feasible to move out into a place of your own, a frustrating but very real truth.
Renting a flat might seem like the easiest, or most cost effective method of leaving home, but it can become difficult to save any money when the majority of your wages go towards your rent. Breaking free of the vicious renting cycle can be very tricky. On the other hand, you could look into buying your own home. Although it takes a considerably longer amount of time, sometimes this way can be more cost effective. With 95% mortgages and Help To Buy schemes, there is a great deal of support out there for young people looking to take their first steps on the housing ladder.
…moving out can seem a distant dream…
Sometimes, however, renting or buying aren’t an option. The recent survey also found that of those living with parents, 13% of them are currently unemployed. With no income or steady employment, moving out can seem a distant dream. Ultimately, rent prices are on the increase and mortgage criteria is more strict and complicated than ever.
At the moment, the geographical area you’re least likely to live with you parents is London. If you’re working or studying in the city, it’s more than likely that you have relocated to do so from another part of the UK – or the world for that matter. Although the UK doesn’t have the highest rates of young people living at home compared to the rest of the UK, it by no means has the least, with only 2% of young people living with parents in Denmark. The stats found that for every 10 girls living with their parents, 17 young men do too.
It’s going to take a great deal of change to turn these statistics around, but action must be taken quickly before further generations behind us face exactly the same issues.