YOUNG people are more than happy to continue living with mum and dad, a recent report reveals.

Research conducted by Experian found that 61% of young adults said they were content with living at home with the high cost of rent cited as the most common reason.

A quarter of those polled said they have no immediate plans to leave home, while 29% have ambitions to fly the nest in the coming year with a similar number (31%) hoping to leave home in the next two to three years.