Most of us know young people who still live at home with their parents.
Buying a house is not financially viable for many of us and, in lots of places, renting is extorionate too. While young people climb up the first few steps of the career ladder, many have no choice but to live with their parents while they save money to fly the nest.
Irish survey organisation Eurofound has found that the share of young adults aged 25-29 living with their parents in Ireland has increased. The proportion Irish people in this age bracket living with their parents grew at one of the highest rates in Europe over a 10-year period, according to a recent report.
Across Europe, there was an increase of 2 per cent in adults aged 25–29 living at home over the same period. The largest increase in Europe was seen in Ireland, Luxembourg and Romania. In Ireland the proportion grew from 36.0 per cent in 2007 to 47.2 per cent in 2017. As for the UK, the number of young people living at home was about average, compared to our European neighbours.
Researchers found that young people in the Nordic countries usually moved out earliest.
The EU agency said that many young adults had to move back to the parental home after the recession, referring to them as to as the “boomerang generation”.
The report also examined the differences in well-being between young adults who live with their parents and those who have moved out. It turns out that, even if they're worse off, young adults had better well-being once they'd moved out.
Here’s the full map, with a comparison to 2007’s figures: