Thousands of students returning to family home

Thu, 21 Apr 2011

Students unable to find employment upon graduating are increasingly returning to the family home, it has been claimed.

According to figures from Churchill Home Insurance, almost 500,000 people have returned home to live with their parents in the last year, the majority of which are students leaving university .

They form part of a growing number of people staying at another person's home in adulthood.

Last year, a total of 4.9 million people played host to house guests who stayed for an average of eight weeks, said Churchill.

Vicky Perry, a spokesperson for the company, said: "More and more people are opening their homes to guests who stay for prolonged periods of time. 

"With graduates struggling to find jobs after university and prospective homebuyers struggling to pay rent while saving for deposit, a return to the comforts of the family home is proving increasingly attractive."

It follows research by Scottish Provident which found that 15.2 million British adults (31 per cent) currently have people who rely on them financially.
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