- Barely a sixth of Brits aged 25-to-34-year-olds still live with parents, compared to nearly two-thirds in other parts of Europe
- Research conducted by iHus analyses data from the UK, Europe and USA
- Follows revelation that Brits are increasingly ditching care homes to provide ‘closer care’ to elderly parents
Just 16.1% of Brits aged 25-34 still live with their parents, compared to more than 50% in other parts of Europe.
The research, conducted by iHus, the UK’s champion of multi-generational living, analyses and compares recent data published by the UK ONS, Eurostat and the US Census Bureau.
The European country with the highest percentage of young people remaining with parents is Croatia, where 62.0% of 25-to-34-year-olds live at home, closely followed by Greece (57.8%) and Slovakia (56.4%).
At the other end of the scale, just 4% of young people in Denmark remain with their parents during the same period of their lives, with other Scandinavian nations such as Finland (4.8%) and Sweden (5.7%) show similar trends.
The figure in the USA is very similar to the UK, at 14.7%, while young citizens in Ireland (22.8%), Portugal (45.6%), Spain (46.1%) and Italy (49.5%) all prefer to live at home for longer.
The research demonstrates the enduring, significant cultural differences between countries where multi-generational living is concerned.
It follows data published by iHus last year that shows a growing number of Brits favour a multi-generational solution for elderly care.
21% say they would prefer to provide care for aging parents themselves, in their own home, rather than use a care home, while 13% would most like to build an annexe adjacent to their own home for an elderly parent to live in.
Recent data from Aviva supports this trend of providing ‘closer care’, with one in three UK homes now multi-generational, equating to 9 million total households.
Reacting the data, iHus chief executive Trevor Smeaton said: “It’s fascinating to discover the major cultural differences, and similarities, between countries in Europe where kids living with parents is concerned.
“Despite rising house prices in the UK and the difficulties faced by young people buying their first property, Brits are among the youngest in Europe to fly the next and move out of their parents’ home.
“However, later in life, Brits increasingly favour providing care to elderly parents themselves, and either moving mum and dad back in, or building a space for them close by, instead of using a care home.
“In cash terms, the average weekly cost of providing care to adults has risen to £1,399, which is why our work to promote independent, multi-generational living has become ever more important.”