{"id":12534,"date":"2018-03-05T10:15:56","date_gmt":"2018-03-05T10:15:56","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=12534"},"modified":"2018-03-05T10:15:56","modified_gmt":"2018-03-05T10:15:56","slug":"why-are-so-many-millennials-still-living-at-home-with-their-families","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/zh-hk\/2018\/03\/05\/why-are-so-many-millennials-still-living-at-home-with-their-families\/","title":{"rendered":"Why are so many millennials still living at home with their families?"},"content":{"rendered":"
Young adults aged 21 to 35 have been finding the ‘Hotel of Mum and Dad’ increasingly appealing over recent years, but who lives where across the country, and why? A survey by Experian reveals the truth about the living habits of millennials…<\/strong><\/p>\n Across the UK, more than a quarter of 21- to 35-year-olds are living at home<\/a> with relatives, and a shocking 16% of these have never left, while 10% did move out – potentially to go to university<\/a> – before having to move back in with their parents or family members.<\/p>\n The Experian survey showed that the proportion of this age group who were homeowners<\/a> almost matched the number who rented, with 37% living in their own property compared to 36% who classed themselves as tenants. This is a huge shift from previous generations<\/a>, when homeownership was a much more attainable goal for young people and renters were more a minority.<\/p>\n The variations between the different regions are interesting. The highest proportion of millennial homeowners<\/a> is in the east of England, where almost half of millennials (46%) have managed to get onto the property ladder, while 29% rent, 24% live with relatives and 1% live in accommodation they don’t pay rent for. Perhaps not surprisingly, the figures are turned on their head in London, where the lowest number of millennials surveyed (31%) own their home, while 37% are in the Generation Rent category, 30% live at home and 2% of lucky young people live for free.<\/p>\n Here’s a breakdown of the figures:<\/p>\nRegional differences<\/h4>\n