More young people say rising bills now stopping them moving out

Young adults experiencing rising living costs are finding it increasingly difficult to afford moving out on their own, leading many to remain living with their parents due to financial constraints. A study by the Skipton Group revealed that almost 90% of young adults living with parents in the UK would spend nearly half their income if they moved out. The report highlights the financial challenges faced by young adults trying to cover expenses such as mortgage or rent, council tax, utilities, insurance, and maintenance costs on lower wages, making it hard to achieve independent living. The situation underscores the need for more affordable housing options and increased income to support young people in achieving homeownership and financial independence.