Article date: 19 September 2012
- Typical distance moved is less than four miles
Four out of 10 UK adults venture less than five miles from their family home when moving out permanently for the first time.
According to data from Aviva’s latest Family Finances Report, 38% of people stay within a five-mile radius of their parents’ home when flying the nest, with one in 10 (10%) going less than a mile away and three per cent moving no further than the next street.
The most common distance moved when people leave home for the first time is just 3.5 miles.
People in the north east are the most likely to stay close to home, with 42% remaining within a five mile radius. One in eight (13%) in the north east move no more than a mile and four per cent remain on the same or next street.
At the opposite end of the spectrum, people in Wales are most likely to go further afield with almost half (44%) moving more than 20 miles away, compared to the national average of 29%. Around a quarter (26%) of Welsh residents stay within a five-mile radius of their family home.
Louise Colley, head of protection sales and marketing for Aviva says: “Our latest Family Finances Report showed that multi-generational living is fast becoming the norm in the UK with many young adults living with family for longer as they find their feet financially.
“We’ve also found however that even when people do leave home for the first time, many are still keen to stay close to family. This could be because they need to stay local due to work, or simply because they love the area they grew up in. But we also know that around half of the young people interviewed said they enjoy ‘being looked after’, so it’s quite possible that apron strings are playing a part too!”
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Notes to editors:
Aviva provides insurance, savings and investment products to 43 million customers worldwide.
We are the UK’s largest insurer with over 14 million customers and one of Europe’s leading providers of life and general insurance. We combine strong life insurance, general insurance and asset management businesses under one powerful brand. We are committed to serving our customers well in order to build a stronger, sustainable business, which makes a positive contribution to society, and for which our people are proud to work.
We are ranked as one of the UK’s top 10 most valuable brands and Aviva plc is in the top 10% of socially responsible companies globally in the Dow Jones Sustainability World Index. In 2011 we invested £5.3 million into our UK communities. One in three of our employees were involved in community investment activities which included giving nearly 33,000 hours.
Aviva is working in partnership with Railway Children through the Aviva Street to School programme to get children living or working on UK streets back into everyday life. Find out more at www.aviva.co.uk/street-to-school.
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