'I'm the lucky one' - more than one in three young men now live with their parents

Soaring living costs drive a record number of young men back to the family home, reshaping traditional milestones of adulthood. | Contesto: cronaca

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• 'I'm the lucky one' - more than one in three young men now live with their parents

Contesto

More than one in three young men in the UK are now living with their parents, the highest proportion recorded since at least 2007, as the relentless rise in the cost of living fundamentally alters the path to independent adulthood. The stark figure, which applies to men aged 20 to 34, underscores a profound and accelerating shift in housing and economic patterns, with financial pressures forcing a redefinition of traditional life stages for an entire generation. The trend is not merely a statistical blip but a sustained reversal of decades of progress toward earlier independence. While young adults have historically stayed at home during economic downturns, analysts note that the current surge is occurring against a backdrop of a seemingly recovered economy, highlighting a deeper structural problem. The primary driver is the crippling combination of soaring rents, stagnant wage growth relative to inflation, and the near-impossibility of saving for a deposit while covering exorbitant monthly living expenses. For many, the family home has become the only viable financial sanctuary. This mass cohabitation carries significant social and personal implications. Economists point to a dampening effect on consumer spending in sectors like home furnishings, utilities, and local retail, as discretionary income is funneled into essentials or savings. On an individual level, the dynamic challenges conventional expectations of life in one's twenties and early thirties, delaying milestones such as marriage, long-term partnership, and starting a family. The phenomenon also places new strains and unexpected rewards on multigenerational households, reshaping family relationships and responsibilities. Attitudes are adapting to this new normal. Where previous generations might have viewed living at home as a mark of failure or stagnation, many young men now express a pragmatic, even grateful, perspective. "I'm the lucky one," said one 28-year-old, a sentiment echoed by peers who acknowledge the privilege of avoiding the rental market's volatility. This reframing turns a potential social stigma into a rational financial strategy, though it often comes with a trade-off in personal...

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Categoria: cronaca