'I'm paying rent to my parents to get on the property ladder - you can save around £10,000 a year'
manchestereveningnews.co.ukWith the cost of rent soaring across Greater Manchester in the cost of living crisis, it is now even more difficult for young people to afford to move out of their family homes.
But for parents, supporting their adult children comes with a price tag - which is why a growing number of them are charging rent.
Over half of parents whose adult kids live at home are asking them to contribute towards food bills, energy costs and mortgage repayments, a recent study by Compare the Market found.
The study says that parents across Manchester are charging their kids around £101 on average per month. But with the average rent in Manchester now creeping past the £1,000 a month mark, according to recent figures from Zoopla, those renting with their parents are making huge savings.
Read more on manchestereveningnews.co.uk