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Half of young adults have had to move back in with Mum and Dad to save cash

A new study by Access Self Storage finds nearly half of Millennial and Gen Z adults are considering moving back to their parents' house due to rising living costs.
Survey respondents pointed to household bills , rapidly rising rents and stagnant wages , with 66% saying returning home is commonplace and 84% knowing others who moved back.
Furniture, bikes, boxes of clothes and work‑from‑home equipment often arrive with returning adults, creating storage pressures in busy family households, while 95% say they'd be annoyed if forced to discard possessions.
Self storage firms report that for many, the 'Hotel of Mum and Dad' now functions as a financial strategy, with 60% saving on bills and rent, 48% paying off debts, and 23% benefiting from meals, as Jan‑Albert Fourie, general manager of operations, said, `We’re seeing more young adults using storage as part of this move back home.`
One in three respondents doubt they'll ever afford their own home, while 56% hope to inherit their parents' house, the study finds.

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