Over more than two million workers under 30 in the U.K. live with their parents because they cannot buy or rent a home as housing prices have
Newspapers call them the “clipped wing generation” because House prices are so high that many young people cannot afford to buy one, and as there is a high demand for rented properties, A quarter of young adults have been made to live with their parents or grandparents. Almost 50 per cent of people said the biggest problem was housing costs. Many young people in the U.K. move away from the family home when they start working.
A young woman said that she has been trying to save money for over ten years for a new apartment. She said it was very difficult as house prices keep going up and this is not relative to the rate in how salaries rise. She told reporters she didn’t want to rent, saying: 'If I move out now, I’ll be stuck paying expensive rents for the rest of my life...The thought that I’m going to be living like a teenager well into my late 30s or even 40s is really disheartening'. A charity for homeless people said Britain needed to build more homes and sell them at a price that young people can afford.