House Prices Force Adults To Live With Parents
The rising cost of buying a home means the 'clipped wing generation' are forced to remain with mum and dad.
At an office at the coastal country housing association headquarters in Redcar, of the 11 people in today, 9 are aged 20 to 34, and 4 of them are still living at home with their parents, it's becoming a national issue. In England alone, a quarter of young workers almost 2 million people have yet to move out to a place of their own, the figures are much higher in some areas including Castle point essex, Knowsley Merseyside and Solihull, and almost half of them blame a lack of affordable housing.
These figures show us two things, large numbers of young working people are living with their parents and most of them don't want to.
The government says it is addressing the issue with the help to buy scheme and more affordable homes. Louis Thomson is one of those who's benefiting.
I'm a 26-year old, so i have been saving up many many years now, many reasons i won't be able to get a house, i managed to get one with 5% deposit, if it wasn't for that, i literally wouldn't have been able to move out.
Of the two older workers in this office, one has a 30-year old son, working and living at home. That means basically at the moment i can't retire, because we have to provide a larger property in order for him to have his own room, to have his own space, and as such we count down tight.
The homeless charity shelter says we're creating a clipped wing generation.
We have seen a large rise particularly in recent years the number of young adults living at home with their parents, it's now one in four, what we are seeing young adults in fact * you can work hard, you can save biggest still be living as a teenager in your childhood bedroom, and that's because frankly we haven't built enough affordable homes and that's what politicians really got to focus on that.
At the end of another day, the workers in the office head home, four of them to homes they'd like to have moved out of years ago.