Getting a foot on the housing ladder is an aspiration for most of us, however millennials face a housing crisis which their grandparents would struggle to recognise.
Spending three times more of their income on housing than their grandparents, 18-36 year olds are more likely to live in smaller spaces with longer journeys to work, only half as likely to own their own home as their parents and on average save for 19 years for a typical deposit compared with three years for the previous generation.
{
Young adults have been hit with a double whammy of rising house prices which make ownership unaffordable, and rising rents which they cannot escape.
unknownx500
More posts by Angela Clearkin
