The number of young adults in Britain living with their parents has seen a notable increase, with 42% of 25-year-olds now residing at home, up from 25% in the 1990s. This data comes from an analysis by the Institute for Fiscal Studies (IFS), commissioned partly for the BBC.
The research also indicates that co-residence among individuals in their 20s and 30s has increased by more than a third over the past two decades. This trend is attributed to factors such as declining housing affordability, rather than demographic shifts.
Employment for 25-year-olds has fallen for both men and women, and real earnings have shown little progress over the last two decades. Consequently, home ownership for 25-year-olds has decreased significantly, from 43% in the mid-1980s to 15% today.
The IFS notes that this situation can lead to young adults having less control over their lives as options for housing and work narrow. The trend also appears to reproduce inequality, affecting not only wealth but also the ability to establish an independent life.