Is it time you flew the nest?
Published 1 September 2014
The expense of renting or buying is not the only thing convincing many 20-somethings to live with their parents – some simply prefer it.
Do you still live with your parents? Once you’re in your 20s, it can be difficult sharing the family home at a time when you want to enjoy more independence – however, sometimes there isn’t another option. If you’re saving to buy a property or just can’t afford to live alone, you may have no other choice than to stay with your mum and dad.
But then there are the 20-somethings who simply prefer to live with their parents.
Once you turn 18 and head off to college or university, it’s often expected you’ll set up home on your own and not come back. It may take a little longer if you start working after you’ve left school, but either way – your early 20s are seen as a time of flying the nest.
However, there are some people who have no intention of striking out on their own – not because they can’t afford to, but because they like living with their family. New research* conducted as part of our Great Escape campaign shows that 17% of Brits aged between 18 and 34 who are currently living at home are doing so just because they prefer it.
Not leaving any time soon
Not only are a significant proportion of 20-somethings quite happy to stay living under their mum and dad’s roof, there are many who have no intentions of leaving either. When asked when they thought they would move out, one in eight respondents still living at home said they had zero plans to do so.
Guys seemed more hesitant about flying the nest than girls (23% of men said they didn’t plan to move out compared to 13% of women), which might suggest the UK is increasingly a country of mummy’s boys.
An easy life
So why are so many 20-somethings content at staying with their parents? Well it could just be that they enjoy a pampered life there.
We have worked out that the average cost of moving into your own flat in the UK (excluding London), including paying for your utilities, council tax, groceries and other household essentials like broadband, is nearly 1,060 a month. And when two-fifths of 18 to 34-year-olds who still live at home say they don’t pay rent, that’s certainly quite a saving.
That’s not the only perk of living at mum and dad’s either. The overwhelming majority of parents (96%) who have adult children living with them say they do chores for their kids. This includes laundry, grocery shopping and even cleaning their child’s room.
Why move out?
So, with all of these perks, why would you ever move out? Well, there are still a lot of advantages to living alone. For one, you can enjoy greater independence – no more texting your mum to tell her where you are and when you’ll be back. You’ll also get to enjoy more space to yourself, cook whatever meals you fancy and have people round whenever you like.
Of course, it may take time, but with some careful budgeting you could save what you need to fly the nest and get your own place. And while you’re building up your own nest egg, it might just be worth volunteering to help out with the laundry!
*OnePoll questioned 1,000 adults aged 18 and over between 8th August and 14th August 2014. 500 respondents were aged between 18 and 34 and living with their parents. 500 respondents were aged 18 and over and had children aged 18 to 34 living at home with them.