More people in late 20s still living with parents
Published On Jan 10, 2025, 7:40 PM
A new report from the Institute for Fiscal Studies reveals that the percentage of 25 to 34-year-olds living with their parents in the UK has risen significantly, particularly among men in their late 20s. This trend is attributed mainly to high rental costs and rising house prices, which prevent many young adults from moving out and establishing independent households. Economic conditions, including the impact of the pandemic and the challenges of saving for housing, further complicate the situation, making it difficult for young people to achieve financial independence.
Stock Forecasts
AVB
Positive
The rising trends of young adults living with parents may lead to increased demand for real estate and property management services, especially in areas where housing costs are high. Companies that focus on affordable housing solutions or rental properties may benefit from this situation as more young people delay homeownership.
LEN
Negative
In contrast, companies in the housing and construction sector may face challenges as the demand for homeownership decreases with more individuals living at home. This could result in a slowdown in new home sales and a negative outlook for traditional housing markets.
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