Starting a family could be helped by effective debt management
Starting a family could be helped by effective debt management
Monday 18th January 2010
Some 18 per cent of 18 to 44-year-olds and 24 per cent of 18 to 34-year-olds, are putting off having children because of the growing expense of buying a home, a new report by housing charity Shelter reveals.
What's more, one in five (22 per cent) 18 to 44-year-olds had waited for up to six years to start a family, with over a third expecting to have to continue waiting for a further four years.
Director of policy and campaigns at Shelter Kay Boycott said it was "completely unacceptable" that housing costs were severely impacting on important life decisions.
"Housing affects so many areas of people's lives. In this election year, it's vital that all political parties make housing a top priority so that future generations can exercise choice in their family life," she said.
The average age of a first time buyer without financial aid from family or friends is now 37-years-old, up from 33 in 2005, according to the report.
There are also fears surrounding the effect that delaying children could have on fertility.
Infertility Network UK spokeswoman Susan Seenan said people should be aware of the long-term implications for fertility if they are delaying having children.
House prices increased by 1.1 per cent in December according to the Halifax, taking the average cost of a home in the UK to £169,042.
News article brought to you by Debt1 – UK debt management specialists.
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