A new survey by home lift specialists, Stiltz Home Lifts, has revealed that more than half of UK adults are open to living in a multi-generational household - a growing trend driven by rising living costs and a desire to better support ageing relatives.
The poll of 1,000 UK homeowners aged 35-54 found that 86.6% of people said the cost of living crisis is making multi-generational living more appealing, while 88.3% would consider making home adaptations to allow a relative to move in.
41% of people said they would move an elderly relative into their home specifically to avoid the high costs associated with residential care.
On average, full-time care facilities charge around £65,832 per year, or £1,266 each week, an increase of 88% compared to prices in 2020.
The findings also suggest that far from being a last resort, multi-generational living is being seen as a lifestyle choice with emotional benefits. According to the survey, 70.6% believe living with extended family strengthens family relationships, and 60.1% of people would consider moving in with family members.
Mike Lord, CEO of Stiltz Home Lifts said: “It’s clear from the research that families across the UK are rethinking the way they live, whether it’s to provide care for ageing parents, support younger generations financially or simply stay more connected.”
