It’s A level results day, the final hurdle for teenagers hoping to fly the coop and go to university next month. But new research suggests that parents with children approaching university years could find their youngsters living at home for years to come.
Figures obtained by Aviva reveal that the number of students living with parents while at university rose from 247,965 to 327,390 between academic years 2004/5 and 2014/15, now accounting for around one in five students in higher education.
The total number of UK students taking full time and sandwich courses has risen from 1,391,180 to 1,697,150 over the same period.
Earlier this year Aviva reported that there could be 2.2 million people living in multi-family households and 3.8 million 21-34-year-olds living with their parents by 2025. This was based on the rate of growth seen in the past 10 years and assuming house prices continue to rise.
The report also found that one in 10 multi-generational households are made up from adult children who have moved back in with their parents after university.
Exchange rates
Holidaymakers are finding that £1 buys less than a euro at some airports’ bureaux de change, as the slump in sterling drives up holiday costs, according to The Guardian.
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