because they were trying to save for a deposit. However, it also found that 30% were not saving any money. A spokesman for the company conducting the survey commented: “The hotel of mum and dad is often staying open for longer than many anticipated, our latest research shows. Rental costs and deposits or the need to save for a mortgage deposit mean that some children understandably have to wait before flying the nest. And, for some, moving out may never be an option.” Michael Day, 30, who lives with his parents in Bristol, says he has been caught between paying high rents and saving for a mortgage deposit. Rents for a one-bedroom home in the city are between £500 and £800 a month, while buying a similar property would cost about £130,000. “I don’t really want to move out to rent as it’s more than a mortgage but you need such a big deposit to get a mortgage so it’s been a bit of a vicious circle.” Day does not want to share with strangers so his options are limited. At home, he pays a nominal rent to cover bills and is able to keep the rest of his earnings from his job at a candle retailer. He plays golf at county level and he admits that, instead of saving, he spends his spare cash on golf and holidays. “You need so much money that I will have to save for the foreseeable future,” he said. “Because it’s been so difficult, I’ve been going on holiday