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Saturday 30 April 2011

One in 20 families living with their grandparents. Would you believe it?

http://www.dailymail.co.uk/news/article-1382104/One-20-families-living-grandparents.html?ito=feeds-newsxml


By DAILY MAIL REPORTER

Last updated at 2:04 AM on 30th April 2011

Thousands of young mothers and fathers still live with their extended family, a study has found.
One in 20 families under the age of 30 – couples with children and single parents – live with their parents or other family members.
This equates to more than 100,000 young parents across the UK living this way. And as many as 35 per cent of the couples living with relatives are married, researchers believe.

All under one roof: More and more families are living together as financial pressures and the need for support and childcare take their toll
The study of 2,000 families, by insurance group Aviva, suggested financial pressures and the need for support and childcare may be behind the trend.
There has been a 29 per cent increase in the number of multi-family households since 2001 –  up to 1,262,000 in 2010 – according to the Office for National Statistics. 
Louise Colley, head of protection marketing for Aviva, said: ‘A few decades ago it was quite usual for several generations of a family to live under one roof. 
‘Over time this has changed, but our research suggests  this trend could return – possibly temporarily while people are  saving up for their  own homes.’
The average age for a first-time buyer is now 31, according to the Council of Mortgage Lenders

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