Three in ten parents still have grown up children living at home, it was revealed last week.
A survey by the National Housing Federation (NHF) shows that 27% of parents in the UK have at least one adult child, aged between 21 and 40, living with them at home. Two thirds of the parents who took part in the survey cited unaffordable house prices as the reason for this.
The cost of living away from home being too high was blamed by 41%, while 22% said their children were temporarily living at home while they saved up for a deposit.
David Orr, Chief Executive of NHF says that, “Empty nest syndrome is becoming a thing of the past. Rather than waving their children off as they grow up and move out, parents are stuck with kids in their thirties still living at home.
“Moving out and setting up a family home of your own is a normal rite of passage. Yet as rents, mortgages and deposits continue to soar out of reach, it is no longer an option for many.”
This situation has a knock on effect on older couples who are unable to move on or downsize due to their children requiring a place to live.
Just over 26% of people said that having a grown-up child at home brought their family closer together, but a total of 41% said it had caused either stress or arguments.
Mr Orr added, “As a country we need to build more homes at the right prices in the right areas now to ensure there is another option. We must encourage more development of new homes and the decisions about where more homes are built are being made locally, by local councillors.
“They will act if local people say they want more homes in their local communities. Unless local communities speak out in favour of more homes, mums and dads across the country will be stuck providing a roof for their adult children.”