Published by Gbaf News
Posted on February 23, 2016
2 min readLast updated: January 22, 2026
Nearly one in 10 (9%) millennials do not expect to ever buy their own home, according to research* by the online investment platform rplan.co.uk. For those aged 25-34 years, the figure is slightly higher at 11%.
The research* shows that while two in five (40%) expect to do so by the time they are 30 and another 20% by the time they are 35, 17% believe it won’t happen until they are 36-50 (See Table One below). Around three in 10 (28%) millennials still live at home with their parents or caregivers, including 54% of 18-24 year olds and 21% of 25-34 year olds.
The research reveals the extent of financial hardship in the millennial generation: of those that do not live with their parents or caregivers, one in 44 (2.3%) have to take on extra credit averaging £190.63 in order to cover their monthly living expenses. More than three in 10 (31%) millennials accept cash from their family to help with the cost of living, taking an average £229.50 each month.
Nick Curry, Director at rplan.co.uk, commented: “Our research reveals the financial difficulties faced by a substantial minority of millennials. It is essential that they are given as much help and incentives to save for their future as possible. Initiatives such as the help to buy ISA for first time buyers are great but our society needs to look at what more can be done.
“One advantage that millennials do have is time and those who can save for their future should consider the benefits of investing in a diversified portfolio over the long term rather than saving into cash accounts when interest rates are set to stay low for many years.”
Table One: At what age do millennials anticipate buying a home?
| All millennials (18-34) | 18-24 | 25-34 | |
| Under 30 | 40% | 42% | 39% |
| 31-35 | 20% | 22% | 20% |
| 36-40 | 10% | 8% | 10% |
| 41-45 | 6% | 2% | 7% |
| 46-50 | 1% | 1% | 1% |
| Over 50 | 0% | 0% | 0% |
| Never | 9% | 4% | 11% |
| Don’t know | 14% | 22% | 12% |
As well as providing access to well over 2,000 funds for retail investors, rplan.co.uk has four pre-selected portfolios with different levels.
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