One in five 20 to 34-year-olds has moved back in with their parents in the last year because they cannot afford to rent? Almost four in ten adults aged between 20-34 have lived at home this yearMore than half of these have blamed high housing costs on their returnTwo-thirds believed living at home curtailled their independent livesMore than 4,000 young people in full time employment were surveyed ?
ByDaily Mail Reporter
Published:18:06 EST, 1 October 2015 |Updated:19:16 EST, 1 October 2015
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One in five young adults has moved back in with their parents or grandparents in the last year, having previously lived independently, according to research into the plight of the 'clipped wing' generation.
Housing charity Shelter found that 20 per cent of working 20 to 34-year-olds in England had moved back in with their family at some point in the last 12 months, having previously flown the nest.
In total, nearly four in 10 (39 per cent) young adults were either still living at home with their family or have done so in the past 12 months.
One in five professionals aged between 20 to 34 have returned home to live with their parents because of the excessive costs of either buying or renting their own property and starting an independent life?
More than half (56 per cent) of these 'clipped-wing kids' said high housing costs were preventing them from leaving the family home, Shelter said.
Nearly two-thirds (62 per cent) of those living in the family home said they were worried that this stopped them from living an independent life.
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The charity highlighted the case of Neil, a 34-year-old trainee teacher who lives with his parents because he cannot afford to rent.
Neil said: 'Of course I'm grateful that I have the option to live with my parents, but it can be difficult still being under their roof in your thirties when you should be independent. If you're young and working hard, having somewhere to call home shouldn't be a luxury - it should be within reach.'
Recent research by Post Office Money Mortgages found that 45 per cent of renters do not believe they will ever be able to afford to buy their own home.
Campbell Robb, chief executive of Shelter said many young adults were now living in their childhood rooms
Campbell Robb, chief executive of Shelter, said: 'When getting even a toe on the housing ladder is completely out of reach and private rents are sky-high, it's no wonder so many working young adults are having to move back into their childhood bedroom.
He continued: 'The upcoming spending review is the Government's last chance to prove they can give back hope to a generation who are being left behind, by investing in the genuinely affordable homes they desperately need.'
More than 4,000 adults took part in the research, of which analysis was carried out on 527 20-to-34-year-olds in England who are in employment.?
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