Extended financial families to treble
Extended financial families to treble
- 2004
- Skipton Building Society Press Release 29 April 2004 (2) .
The number of extended financial families (EFFs) - where three generations of a family reside under the same roof for financial reasons - is to treble in the UK over the next 20 years according to "Financing your future", research published by Skipton Building Society. This social phenomenon will significantly shape the dynamics of future households and impact considerably on the housing market with retirees moving into granny flats and graduates burdened by debt residing in their parental home, delaying their entry in the first-time buyers market. http://www.skipton.co.uk/press_office/press_releas es/extended_families_to_make_a_comeback.asp
EXTENDED FINANCIAL FAMILIES
FUTURE HOMES
HOUSEHOLDS
RETIREMENT
GRADUATES
FIRST-TIME BUYERS
The number of extended financial families (EFFs) - where three generations of a family reside under the same roof for financial reasons - is to treble in the UK over the next 20 years according to "Financing your future", research published by Skipton Building Society. This social phenomenon will significantly shape the dynamics of future households and impact considerably on the housing market with retirees moving into granny flats and graduates burdened by debt residing in their parental home, delaying their entry in the first-time buyers market. http://www.skipton.co.uk/press_office/press_releas es/extended_families_to_make_a_comeback.asp
EXTENDED FINANCIAL FAMILIES
FUTURE HOMES
HOUSEHOLDS
RETIREMENT
GRADUATES
FIRST-TIME BUYERS