A significant number of millennium, couples are putting off having children, or of the growth of their family because they are the rental property and do not own their own home, according to a new report.
The study of housing charity, Shelter, has also found a huge drop in home ownership rates between the changing demographic, down 18 percent from just ten years.
in the Meantime, the number of private rental has increased by 115% and of those, 38 percent said it is to prevent them from having children.
Polly Neate, Housing Chief Executive, said: “It is heart-breaking that so many young couples are in the process of putting their lives simply because they cannot offer a stable life to a child in a private school rented the house.
“in Short, the instability of the contracts and the high cost of the rental to say that the tenants simply do not have the security they need to settle down and start a family.
“With the number of private renters of growth in this country, the government should build more genuinely affordable homes for rent and give people stronger rights so that they can build a better future for themselves and their loved ones.”
There is good news for millennials, but it comes with a catch – they are in line to the great inheritance boom” of the entire post-war generation, but it will be too late to solve the housing crisis or the wealth chasm between the generations.
A report last year by the influential think-tank the Resolution Foundation, said the wealth accumulated by the elderly would be to the advantage of younger generations in the years to come.
But the most common age in which the millennials’ – those who are born between 1981 and 2000 – inherit would be 61, because of their parents significantly improved the life expectancy.
the Legacies to double over the next 20 years, the Foundation said, the so-called baby-boomers – people born between 1946 and 1965 – become more.