Fifth of millennials rely on parent deposits to get on property ladder
A fifth (20%) of millennials are relying on their baby boomer parents to supply first home deposits versus just 11% of their parents when they were young New research from Together shows that ‘boomer’ parents are forced to take charge to get millennials onto the ladder amid record-high prices. The data also reveals that a fifth of millennials (20%) had to move back in with parents to help save for a deposit – compared to just 4% of baby boomers when they were young. Over half (52%) of baby boomers admit they don’t have any property regrets given the notably easier and cheaper task of getting on the ladder 50 years ago.
7 months ago
