A debate has ignited in Ireland concerning the rising number of young adults living at home. Deputy Hearn attributes this trend to a lack of affordable housing, stating that young people are not making a conscious choice to remain with their parents but are financially compelled to do so. Karl Deeter, CEO of onlineapplcation.com, counters this view, suggesting that social choices and changes in life milestones are contributing factors. Deeter points to the delayed age of first-time homeownership and parenthood, comparing it to previous generations.
“I think we failed these young people as a country,” he said.instead of these young people, and completely wrong to say that this is usual, this is the norm.
“Just a decade ago only 36% of 25 to 29-year-olds were still living at home in this country and these figures show that now 70% of our young adults are still living at home.CEO of onlineapplcation.com Karl Deeter disagreed and said that people generally choose to“Take 1990, 35 years ago – what was the average age of a first-time buyer? It was age 35,” he said.
“Age of a first child 1970 to 1990 was fairly consistently around age 25. Age of a first child nowadays for women is closer to 35.”Deputy Hearn argued that a lack of housing is the reason the age for these milestones has risen.
HOUSING ECONOMY SOCIETY YOUTH IRELAND
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