Increase in the number of young adults living at home with their parents within the European Union.
A new report shows that within the European Union there has been an overall increase in the number of young adults living in the parental home. Between 2007 and 2017 Ireland had one of the highest growth rates in the EU of 25 to 29 year olds living at home with their parents.
We found people in their twenties for whom renting is either not viable or just plain difficult.
One young person in Smithfield, Dublin says she had to move back to live at home with her parents.She is now saving in the hope of one day buying a home. Another young woman is only able to afford her rent becasue of a family connection.
The research, carried by Eurofound found that there has been an increase in the number of young adults living with their parents across the European Union. Ireland along with Luxembourg and Romania, saw the biggest increase in 25 to 29 year olds living with their parents between 2007 and 2017.
Tadas Leonckikas a senior research manager at Eurofound, says that findings are concerning as people in this age group who do not attain some level of independence are less happy and less optimistic about the future.
David Hall, CEO of Irish Mortgage Holders Organisation, explains that many people can no longer afford high rents and unable to get a mortgage move home.
The report highlights the need for the next government to tackle the housing crisis.
An RTÉ News report broadcast on 19 February 2020. The reporter is Ailbhe Conneely.
