A new YouGov poll for the National Housing Federation shows that people are worried about the impact of rising house prices on the next generation. The survey shows that 69% of parents (in England) worry that their children will never be able to afford their own home without fiscal help from the 'bank of mum and dad'.
A quarter of parents who took part in the survey are already saving money specifically for their children's first home.
According to the National Housing Federation's research, over three quarters of parents (76%) believe more attention and investment should be given to affordable housing but 80 per cent do not think any of the main political parties will effectively deal with the issue of housing.
National Housing Federation Chief David Orr said: 'We can't let our children become the generation of lost opportunities. Parents should be looking forward to a bright and prosperous future for their children, but are quite rightly alarmed that they will be worse off than them.
'Children are facing the ticking time bomb of being priced out of the communities where they've grown up, and unless they are able to borrow from the bank of mum and dad many will face living in their childhood bedrooms well into adulthood or renting for the rest of their lives.
'Parents are feeling the pressure to foot the bill to safeguard their children's futures but they don't feel any of the mainstream political parties are tackling housing issues. We need the government to take action and end the housing crisis, for the next generation.'
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