85% Of College Graduates Move Back In With Parents
1 year ago
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...