Extended families on increase
Published Date:
11 October 2008
The number of extended families living under the same roof looks set to increase as more people in the UK pool their financial resources.
The majority of people, accounting for just over two-thirds of households, currently live with just their immediate family, such as their partner and children, according to Halifax Home Insurance.
But 26 per cent people said they would consider buying a bigger home or extending their current one in order to accommodate additional family members, while 27 per cent would be prepared to jointly purchase a property with their parents or in-laws.
The main reason people gave for wanting to live as an extended family was so that they would be able to look after their parents or in-laws as they got older, cited by 43 per cent of people.
A further 31 per cent of people said they thought it made financial sense to live as an extended family, while 11 per cent said they simply wanted as many family members as possible living under the same roof.
The full article contains 179 words and appears in n/a newspaper.
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Last Updated:
11 October 2008 8:16 AM
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Source:
n/a
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Location:
Yorkshire
