New research from the housing and homelessness charity Shelter has found that 48 per cent of working 20 to 34 year olds live with their parents because they are unable to afford to rent or buy their own home. Data from the last census shows a quarter of all 20 to 34 year old working adults in England – 1.97 million people – are currently living with their parents.
As the latest government figures show average house prices for first-time buyers in the UK have risen by 11.3 per cent in a year, Shelteris urging stronger action to help the 'clipped wing generation' fly the nest.
Areas with a high proportion of the ‘clipped wing generation’ include Castle Point in Essex where 45 per cent of working 20-34 year olds live with their parents; Knowsley in Merseyside at 42 per cent and Solihull where the figure is 38 per cent.
Campbell Robb, chief executive of Shelter, said: "The ‘clipped wing generation’ are finding themselves with no choice but to remain living with mum and dad well into adulthood. And those who aren’t lucky enough to have this option instead face a lifetime of unstable, expensive private renting."
Housing Minister Brandon Lewis claimed the government is "determined to ensure anyone who works hard and wants to get on the property ladder has the help they need to do so."
He said the Help to Buy scheme had assisted more than 35,000 people to get on the property ladder "with just a fraction of the deposit they would normally need." He added:"The scheme is also directly helping build new homes and increase housing supply, with private housebuilding up 34 per cent since the scheme's launch. On top of this, we're investing £1 billion through our Build to Rent scheme to build new homes specifically for private rent."
Campbell Robb said: "The government knows that the only way to turn the tide of the housing shortage is to fill the gap between the homes we have and the homes we need. Bolder action is needed to meet the demand for affordable homes and not inflate prices further. Politicians of all parties must now put stable homes for the next generation at the top of the agenda."
"Rather than pumping more money into schemes like Help to Buy, we need bolder action that will meet the demand for affordable homes and not inflate prices further. From helping small local builders find the finance they need, to investing in a new generation of part-rent, part-buy homes, the solutions to our housing shortage are there for the taking", he concluded.