Professor Bobby Duffy
๐ค SpeakerAppearances Over Time
Podcast Appearances
And it was like 4% in a couple of decades ago.
It is only people at the top end of the wealth spectrum who can afford that.
So the vast majority of that comes from the top third of the wealth spectrum in that baby boomer cohort.
So yes, you've got this sense of reliance, but also great inequality and unfairness within
the generation on who actually can get that sort of support.
Otherwise, then you are stuck with people living at home too much, much longer.
So we've gone from about one in five young people living at home in my generation up until their late twenties.
And now you've got two in five young people living at home.
And that's the extra two million people living at home ten years into their adulthood, ten years and more into their adulthood.
So you've got that kind of choice on the one hand, a lot of support from some parents.
And then on the other hand, no choice at all for other groups of just having to stay at home, try to save up, etc.
So yes, it's like it is an aggregate overall level.
It's giving that sense of greater dependence on parents.
But for some people, that works out really well and it gets them the leg up.
But for other people, it forces you into a situation where it's not one that lots of people would choose.
I talk about delayed adulthood in this.
And it's a kind of...
broader theme than just being stuck at home.
We are just doing lots of things later.