Global crisis – adult children move back in with their parents. Would they have to pay rent and other expenses?

“The bank of mum and dad” is an expression in Britain that gives many Brits a real headache. “I am the parent of two adult children who have moved back in with me in recent years because they cannot afford to rent their own home.” This is not one such case. The Guardian writes about it in more detail.

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In January, the Office for National Statistics reported that rents rose by 6.2%, the biggest annual increase since records began in 2016. Since 2011, the number of families with adult children living with their parents has increased by 13.6% in England and Wales.

Like many other parents, I did not expect to support my adult children, a woman tells the publication. Rising mortgages and rising costs of living have forced me to tighten my belt myself: putting on extra sweaters instead of turning on the heat and wondering if a hat indoors is already crazy.

Consequently, the logical question for many arises whether parents should collect rent from their adult children. “I feel bad asking them for money in my home. I have always said that they can come home anytime. But we are all in a difficult situation – I even have to hide cleaning products, hygiene products, because they use them up quickly. My kids seem to spend all their time walking past the fridge, taking too long in the hot shower, and too much turns up central heating. Sometimes I ask if they can go to work in a cafe,” the woman is dissatisfied.

Her husband believes the children should be paid based on how much they earn, but both are on short-term freelance contracts and their salaries vary from good to nothing depending on the month. They have no job security. On the other hand, in other places there are situations when children earn more than their parents.

One is this economic aspect. The second is social. “When we are all together at home, in our small terraced house, my husband and I would like to watch our own programs on television, cooking our own food in the kitchen. And when should either of us have sex?”

“I’m trying to save up to move out,” a 20-year-old who has been living with his parents since graduating from university a year ago told the publication. “I don’t want to sound ungrateful, but… Living with your parents has its downsides – you can’t spend nights with your friends. When you start a new relationship, it’s uncomfortable – you realize there’s nowhere to go but your parents’ house. But I don’t see the end of it. Even if I save £150 a month, it will be eight years before I can even think about renting.”

This is the problem. This multi-generational stay under one roof seems to be in the long run. Not a temporary solution to financial stress, but a lifestyle of necessity.

After Resolution Foundation average rent is expected to continue to rise.

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