The proportion of young people living at home doubled – in one year

Published 4 July 2024 at 10.22

Economics. Between 2022 and 2023, the percentage of young adults in Sweden who live at home with their parents almost doubled.

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New statistics from Eurostat show the number of young people who living at home has increased in Europe.

Especially in Sweden, this increase has been particularly noticeable, and almost a doubling has taken place from 2022 to 2023.

During 2023, 21.9 percent lived of Swedes between the ages of 18 and 34 remain with their parents, compared to 12.5 percent the year before.

SBAB's economist Robert Boije points to rising interest rates and problems in the rental market as the reason for this change.< /p>

– From late spring 2022, interest rates began to rise. Together with the high inflation, it has affected young people's ability to buy a home. Also, we haven't had a functioning rental market in major cities where young people can get a rental without long queues, Boije tells TT.

However, he is surprised that the change is so great.

In Europe as a whole, half of all young adults now live at home, which places Sweden below average but higher than the other Nordic countries. In Finland the percentage is 16.3 percent and in Denmark 16.9 percent.