As Australian house prices and rent rates soar, more and more adult children are finding themselves staying at home longer. But while this might help them save money, it\u2019s also creating a hidden financial burden for parents. A new report reveals that families are paying hundreds of extra dollars each year to support their grown kids, with energy bills being a major culprit.<\/p>\n\n\n\n
Over the past few years, it\u2019s become more and more common for young Australians to stay in the family home well into their 20s and even 30s. The struggle to save for a property, along with the skyrocketing cost of rent, has left many feeling like they have little choice but to move back in with Mum and Dad.<\/p>\n\n\n\n
According to recent research from iSelect, nearly half of 18- to 29-year-olds are still living at home, a figure that\u2019s been on the rise for a while now. This trend is putting additional pressure on parents, who find themselves bearing the financial costs of housing and supporting their adult children in ways that are often hidden from view. As it turns out, one of the most significant costs is the extra energy usage from their kids still living under the same roof.<\/p>\n\n\n\n