In a new report spanning over ten years, it’s been revealed that there was an alarming increase in the number of young adults living with their parents.
According to a damning, new report undertaken between 2007 and 2017 from EU agency Eurofound, the number of Irish people between the ages of 25 and 29 living at home with their parents grew at one of the highest rates in the EU.
Researchers noted that, “for those aged 25-29, the largest increases were in Luxembourg, Ireland and Romania.”
Eurofound’s report highlighted that the rate of people between 25 and 29 living at home increased 11.2 per cent to a staggering 47.2 per cent. For context there was a 2 per cent increase across the EU over the same period.
The availability and comprehensive nature of the data between 2007 and 2017 was the reason cited for examining this time period. The report also highlighted that provisional data for Ireland in 2018 hinted that the overall figure may be declining.
This research was part of a wider examination of household composition and wellbeing and it found that for those over 25 living at home, their subjective well-being was much worse.
Despite the aforementioned potential decrease in figures in 2018 it is clear that Ireland is still among the southern and eastern countries that have the highest number of young adults between 25 and 29 living at home.
The same report showed the percentage of young people living at home in the UK sat around 24.9 per cent and if you went to Scandinavian countries like Denmark it was around 4.3%.
This comes against the backdrop of unaffordable rental rates and huge deposit fees in the capital with young people struggling to afford living independently in Dublin and beyond.