Living at home at 25, is it common?

[makethenet]

If you have DC around the age of 25, do you they still live at home?

DS is 25 and single and is still living at home saving for a mortgage, he works in a job at the moment where I am not sure how eh could manage financially by himself. His take home pay is around £1600 per month

I guess if you view everything through the lens of saving money, then yes, I can see why you might choose to live at home in your 20s. I completely accept that flat sharing meant that it took me 8 years to save for a deposit instead of 2 or 3 years, but to me it was absolutely worth it to get to spend my whole 20s living with friends in London (priceless etc.).

I should add that if one has a very good relationship with their parents and has plenty of space and complete freedom living at home, and their home town is a great, ‘young’ place like London, Manchester, Brighton, etc. then it’s a good move (and they’re incredibly lucky!)

Yes very common.

Sorry but if your DC earns £47k they could afford their own place.
I managed to buy my own house when I was on £21k, admittedly that was 9yrs ago so say £28k now for the equivalent, and I absolutely still "had a life."

£47k = just under £3k a month take home AFTER tax, NI and I gave them the benefit of the doubt and put in student loan as well.

If you are charging them £300 all in that's £2700 they have spare every single month. Even if they only saved half of that (and £1300 a month to do what you want is hardly "having no life," that's a 5% deposit on a £325k flat within 1 year
The one on £30k might have to save a bit longer or cut their fun money to "only" £500. Or, god forbid, move away from mummy and daddy to one of the many areas of the country where you CAN get a flat (or even a house) for significantly less than £325k.

There's nothing wrong with staying at home if everyone is happy with the situation but if you honestly believe their tales of woe you're being taken for a mug. If they wanted to, all of them could absolutely save a deposit by the age of 26 if working full time from the moment they graduated, while still living a life with far more disposable income than 95% of adults.

You realise when you finally chuck them out they are going to struggle to get used to actually budgeting if they've had years of only pleasing themselves with the vast majority of their salary?

My kids still lived at home at that age. I loved it and recognised it was my last few years with them

Much more common these days.

My DD was still at home at that age but was saving hard for a deposit. Finally managed to buy her own place at 27.

But a bit gobsmacked at a PP whose DC is earning £47k, only pays £300 pm towards their keep and still claims not to be able to save enough for a deposit.

I moved back home around this age after splitting with my ex. I saved some money up for a couple of years and bought my own place

After graduating from university, I lived at home with my parents and younger siblings until I moved out again for a job in London. My parents never charged me for anything, and the arrangements remained the same as when I was a teenager—helping out and contributing to life at home whenever needed.
My three younger siblings still live at home with our parents. They have well-paying hybrid jobs, don’t pay rent, but handle their personal expenses and help out with household chores when needed. Each of them is earning 50k, they're still young with plenty of opportunities to climb the ladder and increase their income. They aren’t interested in moving out unless something significant requires it and prefer to invest their money in future-proof ventures.

@bumblecoach I don’t think it was back then, I’m struggling to think of anyone I know who didn’t move out of home pretty quickly in the 1990’s. It was much easier then. Our children definitely have it harder. 😕

Very very common, unfortunately people my age and older fucked the system. Elected people who rewarded bankers rather than fining them, dropped grants, stopped summer support for students and created a housing crisis and stopped 100% mortgages.

Yup, and massive population growth hasn’t helped either as the politicians didn’t think to increase housing stock nor infrastructure either.

Half and half id say Depends on if you want or have to be independent. Nice to be with parents

One of mine went to uni at 18 and never came home again. She rented in that area with friends for a while and is now buying a house with her partner, which is half the price it would be where we live.

The other has bought a flat locally but has only been able to do that due to her high earning partner.

Both mid 20s now and all of their friends still live at home. It’s very normal.

Oh and deposits from us due to inheritance. Forgot to mention that and it’s very important.

Obviously, I can only speak for our family but my uncle had the luxury of staying at home until 32
Only really left when his dad died and my Nan needed to downsize the house.
Prior to that my dad was at home until he got married at 22, But he didn’t go to university and has never really lived on his own or paid bills.
Quite a charmed life for a very average looking average intelligent overweight gammon.
Doubt we will see those opportunities again

DD leaves uni this summer, and is coming to live at home. We live in a big city which helps and she has already secured a job. She will pay rent; we will take what is needed to cover bill increases and probably keep the rest for her.
Her being at uni has cost a lot, even though she has worked throughout. She’s also had enough of living in shared houses for a while; the novelty has well and truly worn off. I don’t see her being here forever but it’ll work for a few years.

I still have a 30 & a 22 year old. It’s just ridiculously expensive.

I bought my first property in London at the age of 19 my salary was £16k (worked in an office) and my flat cost £31k.

Minimum for a similar flat in that area now is £240k. How many 19 year olds are earning £120k?

No FUCKING way am I living with my kids past about 23 MAX!
I don’t live in London, so round here you can get a room in a decent shared house for 650-700 inclusive. Young people need to have independence and parents need a clean and tidy house!
I am investing a bit so I can help out with house deposits but even on a low income, they can still save. Best they learn early on how much life costs.

Yikes @wellstopdoingitthen, it would’ve driven me bonkers if I had to live at home at 30. 😕

Back then it took you 8 years but now it would take a lot longer (because salary inflation hasn't kept pace with house prices). So it's a different decision now.

It’s very common. My older half-sister is 38 and she still lives with her mother. She’s showing no signs of leaving any time soon.

@AllaMova Goodness, I’d be losing my mind!

My DD (20) is hoping not to have to move home after she graduates next year, she really enjoys flat-sharing with friends. I really hope she can find a job that enables her to continue doing that, She loves us, but she wants to continue living independently. 🤞

My youngest DC is 25 so I know quite a few 25 year olds. The only one who doesn't live in the family home lives in her boyfriend's house, which he bought with an inheritance a few years ago. The other 10 that I can think of off the top of my head all live at home ( London, so very expensive to move out). Many of those have their older and younger siblings still at home, too.

I would say it’s the norm. A lot of our friends have either bought first homes for their kids or helped them with deposits but our ds 26 is still here and saving like mad.

Yes, very much so. My cousin just moved out then moved back in again 'temporarily', she's 27. Her brother still lives at home and he's 25. My other young cousin lives at home and he's also 27.

Unless you want to spend your money on a grim flat share or HMO with strangers there's little motivation for young people to move out.

Until they pull together a deposit or maybe move in with partner. If the family home is sufficiently sized and the parents are happy to have them.

I guess if they were in a tiny very isolated village nowhere near any jobs or exciting things to do it could seem pretty stifling and limiting.

My auntie never left the family home. Until she had to go into care. And she had a decent career, boyfriend, great social life and a very happy and fulfilling existence.

Mine have moved out. Dsd was 25 when she bought her house with her dp, dd1 lives with dh and dd2 is in the military living in a military house. Think I may be lucky