Embarrassment hits tenants at the age of 29, and yet 11% still do it, a new report by Nationwide has revealed.

It equates to 27 million admitting they have felt embarrassed about their living situation that sees them sharing with friends, family, or even strangers.

With a total of 69% saying that living alone is unaffordable, many households are getting creative by pooling resources and splitting costs, helping to push shared living up to an average age of 35.

Saving money

Whether it’s moving back to the family home or even living with an ex, a total of 11% say these arrangements have helped them save money.

However, they’re not always by choice, and don’t come without challenges.

Nearly half – at 46% – confess that the situations have had a negative impact on their relationships and personal lives.

What we are seeing across the sector is a clear shift in the demographic of shared living.”

Megan Eighteen, President of ARLA Propertymark, says: “While the findings highlight that many renters begin to feel they have ‘outgrown’ house sharing by their late twenties, this is far less about social preference and more a reflection of ongoing affordability challenges within the housing market.

“For a growing number of people, particularly in high-demand areas, living in shared accommodation is not a choice but a necessity. Higher rent levels, rising living costs, and the barriers to home ownership mean that many renters are staying in house shares for longer than they might have expected.”

Shared living

She adds: “What we are seeing across the sector is a clear shift in the demographic of shared living. It is no longer limited to students or those in their early twenties, professionals in their late twenties, thirties and beyond are now a significant part of this market.

“This change is also influencing expectations. Renters are increasingly looking for well-managed, good quality shared homes that offer a balance of affordability, privacy and convenience.

“Ultimately, this trend underlines the need for a diverse and well-supplied private rented sector that can meet a range of needs. Until there is improved affordability and increased housing supply, shared living will remain a key part of the housing landscape for many people.”

Housemate tensions

The research revealed that 15% have experienced stress and anxiety, and 14% have felt “stuck”.

At the same time, 8% have reported tension among housemates, and some have even delayed major life decisions, at 7%.

Richard Stocker, Head of Savings at Nationwide, explained: “Whether it’s saving for a first home, getting on the housing ladder or moving out for the first time it’s important to start with achievable savings goals.

“Make the most of your ISA allowance, and use a good budgeting app like Nationwide’s Budget Builder, they can do the heavy lifting. With the right tools, getting on top of your money feels far more doable.”