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: “Research very clearly suggests that families are rethinking the way they live, whether it’s to provide care for ageing parents, support younger generations financially, or simply stay more connected.”
