{"id":331,"date":"2015-10-23T12:16:28","date_gmt":"2015-10-23T12:16:28","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/meet-the-full-nesters\/"},"modified":"2018-02-19T13:20:47","modified_gmt":"2018-02-19T13:20:47","slug":"meet-the-full-nesters","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/meet-the-full-nesters\/","title":{"rendered":"Meet The &#8216;Full-Nesters&#8217;"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p>&nbsp;<\/p>\n<div><img loading=\"lazy\" src=\"http:\/\/broke207.files.wordpress.com\/2012\/07\/birds.jpg\" alt=\"\" width=\"650\" height=\"500\" align=\"none\" \/><\/div>\n<div><span style=\"font-size: xx-small;\">image source:\u00a0http:\/\/broke207.com\/2012\/07\/<\/span><\/div>\n<div><span style=\"font-size: xx-small;\">\u00a0<\/span><\/div>\n<div><span style=\"font-size: xx-small;\">\u00a0<\/span><\/div>\n<div>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\"><a href=\"http:\/\/www.scottishwidows.co.uk\/about_us\/centre_for_modern_family\/index.html\">The Centre for Modern Families<\/a> think tank has released a report outlining the financial pressures felt by parents with adult children still living at <a class=\"wl-entity-page-link\" title=\"homes\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/home\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/home;http:\/\/rdf.freebase.com\/ns\/m.01l0mw;http:\/\/dbpedia.org\/resource\/Home\" >home<\/a>. With youth unemployment still a serious problem, and entry level wages struggling to match up to living costs, the number of grown-up kids still living under their parents\u2019 roof is at an all-time high. <\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">The Office for National Statistics have released figures that show 3.3 million 20-34 year-olds living with their parents in the family home \u2013 representing almost 25% of this age group \u2013 a shockingly high percentage. There are currently 2.7 million households in the UK with one or more adult children living at home, and \u2018full-nester\u2019 parents are starting to feel the strain on their finances. 62% of parents with grown-up children living at home said they were financially supporting their adult children, as well as providing room and board.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\"><a href=\"http:\/\/www.scottishwidows.co.uk\/about_us\/centre_for_modern_family\/research\/meet_the_full_nesters_2014\/index.html\">The report<\/a> claims that full-nester households spend, on average, \u00a31200 more per year on food shopping and utilities than households without adult children. In some cases, parents are actually putting their financial future at risk by focusing on funding their children at a time when they could be preparing financially for old age or retirement. The majority of full-nester parents said they were happy to help family members with money and living costs, despite the fact that 32% don\u2019t expect to recoup any of the money spent on supporting their grown-up kids.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">Another important factor that has forced more young people back into their family home is the fact that <a class=\"wl-entity-page-link\" title=\"House\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/house\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/house;http:\/\/rdf.freebase.com\/ns\/m.03jm5;http:\/\/dbpedia.org\/resource\/House\" >housing<\/a> benefit for the under 25s has been revoked by the Conservative government, drastically reducing the options available for unemployed young people or those in low-income jobs. <\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">Speaking as a 24 year old still living with my parents, I can guarantee that the vast majority of these young people aspire to flying the nest and making a life for themselves away from the comfort of the family home. However with wages stagnant, spiralling <a class=\"wl-entity-page-link\" title=\"Renting\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/renting\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/renting;http:\/\/rdf.freebase.com\/ns\/m.01y857;http:\/\/dbpedia.org\/resource\/Renting\" >rental<\/a> costs and a lack of truly <a class=\"wl-entity-page-link\" title=\"affordable\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/affordable-housing\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/affordable_housing;http:\/\/rdf.freebase.com\/ns\/m.09jvc1;http:\/\/dbpedia.org\/resource\/Affordable_housing\" >affordable housing<\/a> for young people, especially in <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/london\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/london;http:\/\/sws.geonames.org\/2643743\/;http:\/\/rdf.freebase.com\/ns\/m.04jpl;http:\/\/yago-knowledge.org\/resource\/London;http:\/\/dbpedia.org\/resource\/London\" >London<\/a>, the number of full-nester households is unlikely to fall in the foreseeable future. <\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">As part of the <a href=\"http:\/\/thelittlehousecompany.com\/property-blog\/350\/flightless_birds_clipped_wing_generation\">\u2018clipped-wing generation\u2019<\/a>, I worry that those of us who are not fortunate enough to have the option of living with our parents, are left with little to no viable alternatives. There is a serious debate to be had about the sustainability of the \u2018full-nester\u2019 situation, and this report paints a worrying picture of a generation struggling to strike out on their own.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\"><a href=\"http:\/\/www.theguardian.com\/money\/2014\/jan\/21\/record-levels-young-adults-living-home-ons\">For more data and statistics on the number of young people still living at home click here<\/a><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: medium;\">Franki Chaffin-Edwards<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; image source:\u00a0http:\/\/broke207.com\/2012\/07\/ \u00a0 \u00a0 The Centre for Modern Families think tank has released a report outlining the financial pressures felt by parents with adult children still living at home. With youth unemployment still a serious problem, and entry level<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/meet-the-full-nesters\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/meet_the_full-nesters","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/331"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=331"}],"version-history":[{"count":4,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/331\/revisions"}],"predecessor-version":[{"id":14951,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/331\/revisions\/14951"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=331"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}