SEVEN MILLION ‘DOOMERANG’ HAVE MOVED BACK WITH PARENTS FOLLOWING A BREAK UP

  • 7.2 million ‘Doomerang’ Brits have moved back in with their parents following divorce or separation
  • Financial pressures are listed as the main cause of people moving back with their parents
  • People spend an average of six months living back with their parents following divorce or separation
  • Churchill advises anyone moving back home to check their parents’ insurance policy provides sufficient cover for all of their belongings
     

Over seven million (7.2 million) UK adults have been forced to move back in with their parents following a break up, divorce or separation reveals new research from Churchill Home Insurance1. These ‘doomerangers’ make up 14 per cent of the adult population, as rising rent and mortgage costs mean many adults cannot afford to pay for separate accommodation as a single person following a break up.
 

Financial reasons are listed as the main cause of needing to move back home with parents (55 per cent), but people are also returning home for parental emotional support (37 per cent) and help with childcare (13 per cent). A quarter (25 per cent) of those who have moved back with their parents did so following a bad break up, needing distance or independence from their ex-partner.
 

Martin Scott, head of Churchill Home Insurance, said: “A separation or divorce is an emotionally traumatic experience and sometimes parents are exactly what we need to help us get through these difficult periods in our lives. The additional financial strain of having to keep separate properties often means it’s easier to move in with family, rather than try and find somewhere else to live.”
 

Men (16 per cent) are more likely to move back in with their parents than women (12 per cent). The main reason men move back in with their parents is for financial reasons (59 per cent) whereas women view it more as a temporary measure while searching for alternative accommodation (54 per cent).
 

The financial reasons for people ‘doomeranging’ back to their parents vary, from the cost of rents elsewhere (30 per cent) or the need to reduce cost of living (29 per cent) to having to pay off debts (25 per cent).

Financial reasons for moving back in with parents

1.

Rents elsewhere were too high (30 per cent)

2.

I needed to reduce my cost of living e.g. spend on food and bills (29 per cent)

3.

I wanted to save up to buy my own place (28 per cent)

4.

I had debts I needed to pay off (excluding mortgage) (25 per cent)

5.

I was unemployed / previously relied on my partner for money (24 per cent)

6.

Money tied up in mortgage / rent of existing property (18 per cent)

Source: Churchill Insurance 2016
 

People tend to spend an average of six months living with their parents after breaking up with a partner. This is highest among men (six months versus five months for women) and those aged 18-34 (7.5 months). Unsurprisingly, the majority of adults (68 per cent) bring all their belongings to their parents’ house with them following a break up.
 

Martin Scott continued: “Anyone moving back in with their parents should ensure their parents’ home insurance policy is sufficient to cover their additional belongings, as well as anything belonging to visiting children, or items in a storage unit. If you don’t check with your insurance provider, you may find that you’re underinsured or even not insured at all.”
 

-ENDS-

1 Research conducted by Opinium Research with a representative sample of 505 UK adults who have moved back in with their parents following a break up between 12 – 18th April 2016. National figures conducted with a representative sample of 2010 UK adults between 5th - 8th April 2016.
 

For further information please contact:
 

Claire Foster 
Churchill PR Manager
01651831672 
07525665504

[email protected]
 

Churchill
 

Founded in 1989, Churchill is now one of the UK's leading providers of general insurance, offering car, home, travel and pet insurance cover over the phone or on-line.

Churchill general insurance policies are underwritten by U K Insurance Limited, Registered office: The Wharf, Neville Street, Leeds LS1 4AZ. Registered in England and Wales No 1179980. U K Insurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 

Churchill and U K Insurance Limited are both part of Direct Line Insurance Group plc.  

Customers can find out more about Churchill products or get a quote by calling 0300 200300 or visiting www.churchill.com

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