85% Of College Graduates Move Back In With Parents

Debt and no jobs force grads back home

The whole point of going away to college was to move out of your parents home, get a job and live by your own rules, right? Well according to a new poll that former reality is quickly turning into a fantasy.

New York Post reports:

...Some eight out of 10 graduates this year are moving back home, according to a recent poll by a consulting firm. Some will continue their studies -- betting on an economic turnaround later -- and others are criss-crossing the country, desperate for work....

...This year, some three million young people are expected to graduate from college. Facing a double-digit unemployment rate for young people, 85 percent of them will initially move back home with their parents, and that's up from 67 percent in 2006, according to a poll by researcher Twentysomething Inc...