And so the bank of mum & dad, faced with ever spiralling housing costs (purchase & rent) has morphed into the hotel of mum & dad as boomerang families find their adult children returning home.
What we might make of the impact on the lives of children & parents in this situation to some extent depends on how long we might expect it to last; and whether its a temporary measure to allow saving to build up, or reflects the paucity of good jobs for 20-35 yr olds?
#housing
https://www.theguardian.com/society/2025/jan/11/hotel-of-mum-and-dad-in-uk-at-its-fullest-in-two-decades-study-finds
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Tats 🇬🇧🥧
@ChrisMayLA6 mum and dad used to get a new lease of life when kids left home. Now we are just mum and dad until death.
@Tattooed_Mummy
I wirken with may parents during my 20s, spending the week living at their house (from where the business was run) and commuting back to my wife for the weekends - it was a very odd time for all concerned, but not without its advantages (especially for my wife who having married late, found it a good way to transit into married life)
by Emeritus Prof Christopher May ;
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Christo. London, England
@ChrisMayLA6
It will last for many decades unless folk learn to elect those committed to the policies and ideas that will change things.
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Bob Harvey
@ChrisMayLA6
I am in favour. If there is room.
A large, multi-generational home is more stable, more resilient, and more stimulating for children. It gives confidence and security to the elderly.
But it can cause inheritance issues without planning. We need a style of homework ownership that can slide down the generations, and be portable to a different home
@bobharvey
Indeed; some rethinking of how we 'manage' family life may be required; not impossible but certainly a challenge of some sort
by Emeritus Prof Christopher May ;
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