{"id":177611,"date":"2025-09-24T02:09:07","date_gmt":"2025-09-24T02:09:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/177611\/"},"modified":"2025-09-24T02:09:07","modified_gmt":"2025-09-24T02:09:07","slug":"more-young-people-say-rising-bills-now-stopping-them-moving-out","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/177611\/","title":{"rendered":"More young people say rising bills now stopping them moving out"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The data shared exclusively with the BBC suggested nearly 98% of adults living with their parents could not afford to pay what the average first-time buyer pays for a house in their area. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Even if they could afford a deposit, nine in 10 would face mortgage or rent payments, council tax, utility bills, insurance and maintenance costs that would use up nearly half of their income. If they bought a flat, that figure falls to eight in 10.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">These calculations are based on one person buying alone and in the same local authority as their parents.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Stuart Haire, chief executive of the Skipton Group, says many young people move out nearby to stay close to their workplaces and friendship networks.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;My heart goes out to them. I think it&#8217;s a lost opportunity, and one that we really need to address,&#8221; he says.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The report also highlights the financial impact for parents, as there can be a significant loss of income if parents can&#8217;t move to a smaller property because older children are still living at home. <\/p>\n","protected":false},"excerpt":{"rendered":"The data shared exclusively with the BBC suggested nearly 98% of adults living with their parents could not&hellip;\n","protected":false},"author":2,"featured_media":177612,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-177611","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/177611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=177611"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/177611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/177612"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=177611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=177611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=177611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}