100,000 Millennials Will Never Leave Home, Study Suggests

New analysis of figures from the Office of National Statistics (ONS) indicates that almost 100,000 millennials who currently live with their parents believe they will never move out.

Young Britons are less likely to own their own homes than ever before, with more than a million people aged between 25 and 24 still living at home, according to insurance company Aviva. Many are forced to return to their parents after university or travelling thanks to high house prices, poor wages and mounting student debt.

Your adult children are more likely to be living at home than any other time since 1996. The price of the average first home has risen from £146,000 to £211,000, and the deposits remain above 20% of the purchase price on average.

Wage stagnation is also behind these worrying figures, and a fifth of millennials surveyed believe that the only way they will own their own homes is through inheritance.

Another factor at play may be the increasing number of young adults choosing to stay in education longer, increasing by 72% between 1996 and 2015.

Your son is more likely to stay living at home into his 30s than your daughter, as more men were found to remain at home as young adults than women, accounting for 835,000 of the 1.23 million.

The ONS attributes this to men settling later down in life, as the average age at first marriage for men has increased from 29 years to 32 years between 1996-2012; for women, the increase is less dramatic, from 27 to 30 years between 1996 and 2012.

If this trend continues, another 500,000 could be living at home over the next decade.

It’s not all doom and gloom, however – here are some ways to help your struggling millennial children living at home.

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