Just In
- 2 hrs ago Daily Horoscope, 24 April 2024: Scorpions May Recieve Good News In The Second Half The Day
- 13 hrs ago Anant Ambani-Radhika Merchant's Wedding Function Details Are Out, Check out Ambani Bahu-To-Be's Chic Fashion!
- 13 hrs ago Nayanthara Poses With Husband Vignesh Shivan In Chic Saree, Check Her Sarees To Ace Summer Wedding Look
- 17 hrs ago Hanuman Jayanti 2024: These Are Lord Hanuman's Favourite Zodiac Signs, Check Out The List!
Don't Miss
- Sports Most Sixes in IPL Since 2022: Shivam Dube Back on Top in The Big-Hitting Charts After CSK vs LSG in IPL 2024
- Movies Aavesham Box Office Collection Day 14 Prediction: Fahadh Faasil's Film Shows Steady Performance
- Finance IRCTC vs Cochin Shipyard: Which PSU Stock Has Higher Upside Potential? Sumeet Bagadia Answers
- Technology Apple Confirms Special Event for May 7: iPad Air, iPad Pro 2024 Models Expected
- News Senator Lambie Calls For Elon Musk's Imprisonment Over Wakeley Church Stabbing Posts
- Education Telangana Inter Manabadi 1st and 2nd Year Results 2024 to be Declared Tomorrow
- Automobiles Chrysler Pacifica Marks Seven Years As Most Awarded Minivan With New Campaign
- Travel Kurnool's Hidden Gems: A Guide To Exploring India's Lesser-Known Treasures
Money woes turn men into 'mummy's boys'
Mounting expenses and rising education costs are turning Aussie men into 'mummy"s boys" reluctant to leave their parents" home, according to a new report released by IBISWorld. The report has found that men Down Under are more hesitant to leave the family home than women.
Fifty-eight per cent of Australian men aged 20-24 still live with their parents, while nearly a quarter of 25-29 year old men have yet to fly the coop, the study found.
Senior industry analyst at IBISWorld, Edward Butler said that for the most part adult children living with their parents weren"t bludging, but were instead being “fiscally responsible". Butler said in many cases, the decision to live at home was based on a desire to clear debt and get financially set up.
He said most young people leave university with huge debts. “People who get post-graduate qualifications aren"t ready for the workforce until they"re 23," News.com.au quoted him, as saying.
Once men do move out of their childhood home, marriage seems to pay off. Married men earn 14 per cent more than their single counterparts. Butler said the fact men tend to be a bit older when they marry - the average age men get married is 31 up from 26 in 1981 – meant they had been working for a few years and were usually well set up.
“They are a little bit older and are already established in the workforce," he said.
Young men like to play almost as hard as they work – putting in an average of 30 hours a week with their mates, compared with an average of 37 hours a week at work. As men get older mates tend to get sidelined more, with time spent with friends falling to 12 hours a week for 25-34 year olds and plunging to seven hours a week for the over-75s.
- pregnancy parentingEmbracing Boredom In Early Childhood: Where Fun And Learning Meet
- pregnancy parentingKidulting: Where Adulthood and Nostalgia Collide in the Best Possible Way
- faith mysticismSwami Vivekananda Jayanti 2023: Three Anecdotes From Swami Vivekananda’s Childhood
- basicsPhysical Activity During Childhood May Help Improve Cognitive Functions Later In Life, Study
- babyHealthy Habits In Mothers Could Reduce The Risk Of Obesity In Children
- parents and children6 Amusing Things That We Believed To Be True In Our Childhood
- parents and children11 Childhood Memories That You Made While Growing Up With Your Siblings
- love and romanceAttachment Theory Reveals How We Develop Attachment
- newsChildhood Obesity Increasing Alarmingly – Warns WHO
- basicsStudy: Huge Drop In Today's Men's Sperm Levels!!
- pulseIf You Are A 90's Kid, Then This List Will Surely Refresh Your Memory!
- wellnessChronic Childhood Illness May Increase Depression Risk Later