The trend of adult children returning to their parents' homes is rising, with 23% of parents noting their children have moved back in after initially moving out. This phenomenon is influenced by rising rental prices and the need for parental financial support in purchasing homes. Research shows that the average returnee is about 26 years old, with 21% being over 30. The financial landscape significantly affects young adults' living arrangements, showcasing the role family support plays in navigating today's economic challenges.
"Adult children are increasingly returning to the family nest, with nearly a quarter (23 per cent) of parents reporting their offspring have moved back home after moving out for the first time."
"This trend coincides with recent data from UK Finance highlighting the crucial role of parental support in helping young adults onto the property ladder."
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