48% of 18 to 29 year olds in Europe live at home with their parents, according to latest figures.
New research into health and the mental well-being reveals that men aged between 25 and 29 are most likely to live at home for financial reasons.
The report, from EU agency Eurofound, discovered that those living at home jumped from 44% to 48% between 2007 and 2011.
The report was launched in Dublin today. Ireland is slightly below average when it comes to young people living at home – and in fact saw a small decrease to 41%.
The report also noted that in Ireland and the UK, young people are more satisfied with family life than the average.
Researchers also discovered a notable decrease in mental well-being in Ireland, down eight percentage points.
Despite the economic crisis, two-thirds of young people said they were optimistic about the future.
Minister for European Affairs, Paschal Donohoe, said the reason for more men living at home can be directly linked to the crash in the construction sector.