High house prices, rents and graduate debts create ‘boomerang generation’ – Telegraph Blogs

High house prices, rents and graduate debts create ‘boomerang generation’ – Telegraph Blogs

Hundreds of thousands of students will finish university in the next few weeks and return to the parental home. But high house prices and rents, coupled with rising graduate debts, mean many returns will not prove temporary but could persist for years. Welcome to the boomerang generation.
More than 3m people aged between 20 and 34 are still living at home with their parents, according to the Office for National Statistics (ONS). That’s about one in four of those in this age group. Raising tuition fees will mean more than half of graduates are likely to move back in with parents in future, according to research by LV=, formerly Liverpool Victoria, Britain’s biggest friendly society.