YHK 12 1 Leaving home …or too attached?

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Youth watch March 2020 | Youth Hong Kong

Staying with parents world snapshots Depending on what you read, figures for young people living with parents around the world vary a lot, but they have been on the rise everywhere.

Europe On average, over half of young people aged 18-34 in the European Union [EU] live at home with parents. Among 25-34-year-olds, the figure is 35.3% men but only 21.7% for women. The trend is most common in southern and central-eastern European countries where the average age for leaving home is late 20s or early 30s. Relationships, academic studies, levels of financial independence, labour market conditions, the cost of housing and general living costs are all determining factors. At the same time, as in Hong Kong, a generational gap is starting to emerge with an increasing share of young people facing huge challenges in finding affordable homes of their own. There is also a growing imbalance between those who can turn to parents for financial help, and those who cannot. In 2018, 23.6 % of the young population (aged 15-29 years) in the EU lived in overcrowded dwellings* and 12.2 % of the same age group lived in households that spent 40 % or more of their equivalized disposable income** on housing. However, in Nordic countries, very few young people live in the parental home compared to the rest of EU although the share of young people living at home with parents has increased significantly in relative terms since 2008. The smallest percentage of young people living with their parents is found in Denmark (3.2%), Finland (4.7%), and Sweden (6%). Montenegro, Croatia, Slovakia and Italy are the European countries where youngsters stay with parents the longest and with the highest number of young people living at home. It is nearly 60% in Croatia, 57% in Slovakia and over 56% in Greece. Macedonia has the most 18-34-yearolds living with parents: 75%. Europe-wide the figure is 48%.

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Per Capita Living Area US: 800 sq ft Taiwan: 370 sq ft Shanghai: 194 sq ft

HONG KONG Overall average: 161 sq ft Public rental housing: 130 sq ft Subvivided flats: 48 sq ft