Millennials are spending three times more of their income on housing than their grandparents, says a study launched by former Conservative minister David Willetts.
18-36 year olds are typically spending over a third of their post-tax income on rent or about 12% on mortgages, compared with 5%-10% of income spent by their grandparents in the 1960s and 1970s.
Yet despite spending more, young people today are more likely to live in overcrowded and smaller spaces, and face longer journeys to work – commuting for the equivalent of three days a year more than their parents.
Share your experiences
We’d like to hear from young people and their grandparents about their experiences of housing. What was it like in the 1960s and 70s? Could people own their own home sooner? If you’re a millennial, we’d like you to share your experiences of housing. Do you ever hope to own your own home? What’s your current living situation?
We’ll use a selection of responses from millennials and their grandparents in our reporting.
You can share your experiences, anonymously if you prefer, in the form below. The form is encrypted and your responses will only be seen by the Guardian.
You can also email carmen.fishwick@theguardian.com
