The study carried out by charity Homeless Link found that 13,000 youngsters declared themselves homeless or sought advice on how to deal with the status quo by going to local authorities in October, the Sunday Mirror reported.
According to the study the number of people sleeping rough in London alone since April is already up by 32 percent on the whole of last year.
The study also found that the coalition government's savage cuts and the worsening economic crisis have created a “perfect storm” for soaring homelessness.
Large and populated families across the UK are asking teenagers to leave amid the soaring living costs and the swinging benefits cuts, which are having a direct impact on the living standards.
The report found family breakdown, often linked to financial pressures, is the main cause of young people leaving home and having to sleep rough.
Young homeless people said that the problem often starts because of their difficulty in finding regular work in the economic downturn.
Last month unemployment in the 16-24 age group increased to over one million and the number of NEETs (not in education, employment or training) reached 1.16million.
“We have seen a rise in rough sleeping among young people. We expect this to continue as more families buckle under the pressure of the current climate”, said Paul Marriott, chief executive of Depaul, the UK's largest youth homelessness charity.
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