Sky-high rents and mortgage costs are forcing Brits to move back in with their parents following a break-up.
According to Churchill Home Insurance, 7.2 million so-called “doomerang” Brits have moved back in with their parents following a divorce or separation.
These doomerangers make up 14% of the adult population, as rising rent and mortgage costs mean many adults cannot afford to pay for separate accommodation as a single person following a break-up.
The survey of 500 adults found that men (16%) are more likely to move back in with their parents than women (12%).
People tend to spend an average of six months living with their parents after breaking up with a partner. This is highest among men (six months versus five months for women) and those aged 18-34 (7.5 months).
The main reasons listed for moving back home are financial (55%), emotional support (37%) and help with childcare (13%). A quarter (25%) of those who have moved back with their parents did so following a bad break-up, needing distance or independence from their ex-partner.
Martin Scott, head of Churchill Home Insurance, said: “A separation or divorce is an emotionally traumatic experience and sometimes parents are exactly what we need to help us get through these difficult periods in our lives. The additional financial strain of having to keep separate properties often means it’s easier to move in with family, rather than try and find somewhere else to live.”
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