Cost of living: One in five move back in with parents as household bills soar

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Research has shown young adults in the UK are being forced to return to their childhood homes, moving back in with their parents as the cost of living soars.

Research by Capital One UK has shown one in five (17%) young people in the UK have moved or are planning to move back into their family home, due to the current cost-of-living crisis. Nicknamed ‘generation boomerang’, the regression to childhomes homes is linked to sky-high energy & food bills, according to the study of the nation’s parents and guardians.

The trend is showing no signs of slowing, with one in three (34%) parents facing the prospect of having their older children move back in with them, if the cost-of-living crisis gets any worse – and nearly half (43%) having friends whose adult children have already moved back in with them.

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