Cost of living: One in five move back in with parents as household bills soar
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Research by Capital One UK has shown one in five (17%) young people in the UK have moved or are planning to move back into their family home, due to the current cost-of-living crisis. Nicknamed ‘generation boomerang’, the regression to childhomes homes is linked to sky-high energy & food bills, according to the study of the nation’s parents and guardians.
The trend is showing no signs of slowing, with one in three (34%) parents facing the prospect of having their older children move back in with them, if the cost-of-living crisis gets any worse – and nearly half (43%) having friends whose adult children have already moved back in with them.
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