Many grads moving back home
More and more 20-somethings have to move back in with their parents. It's not just you.
Hey there, June graduates: How many of you are discovering that heavy student loan debt + weak job market = moving back to your old room?
You're not alone.
According to an article from The Charlotte Observer, plenty of people between 20 and 29 (and older) are moving back in with their folks. Such a move "protects them economically," according to Kathleen Harris, director of the National Longitudinal Study of Adolescent Health.
"They're less likely to have the material hardships of not having a phone or having their utilities turned off," says Harris, a professor of sociology at the University of North Carolina at Chapel Hill.
Between 2008 and 2010 the number of adults living at home went up 5%. That's another 1.2 million grown men and women who might be told to get home by 11 p.m., because after that the sound of the front door opening will wake Mom up. Post continues after video.
Seriously, though, it's not necessarily a bad situation. In some cases an intergenerational household solves two sets of problems: The adult son or daughter can save some money, and aging parents get some much-needed help.
Worried that you'll be treated like a kid again? It could happen. Old patterns die hard. Psychology Today addresses this and other concerns in "10 tips for moving back in with parents."
The first two, I think, are particularly valuable:
- "Remember your parents are doing you a favor."
- "Develop an exit plan early and let your parents know when you hope to be able to leave."
In some cultures it's not unusual to remain in the nest until you marry and get a home of your own. As more U.S. adults return to their families of origin, perhaps there will be less stigma attached to the idea.
If returning home feels wrong, don't do it just yet. Look for another solution, such as sharing a place with a bunch of other new grads, or becoming a part-time nanny or a professional house sitter.
And if you do decide to bunk with the 'rents? Use those Psychology Today tips to make the experience as harmonious as possible.
For a bit of comic relief, see "How to get girls if you live at home with Mom & Dad" at the Financial Samurai personal-finance blog. But don't actually try any of his suggestions -- you might be sent to your room without supper.
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Two and three generations living under one roof is the direct outcome of no real job creation and a double dip recession CAUSED BY Presidents' (Bush and Obama) and Congress' (Democrat and Republican) total mismanagement of the USA national economy by: 1) Not collecting enough taxes on the wealthy (inviduals and corporations) so that there's not enough revenue [allegedly!!] for the government to invest in job creation in the PUBLIC SECTOR (which is where real job growth for Americans potentially exists); 2) Bush and Obama's $700 billion bailout to corrupt banks (paid for by tax payers) instead of to middle and working class Americans who should've received the bailout for dealing with the affects of the corrupt home mortage/ foreclosure scandal caused by these SAME banks and Wallstreet (when the Clinton and Bush administrations allowed it to happen, and Obama rewarded them with $350 billion---and now here comes the double dip!! That's real "Hope" and real "Change"); 3) Paying for/ running up debt on (paid for by tax payers) useless/ unwinnable wars in Iraq, Afghanistan and Libya (with tax payer dollars handed over to private military contractors that lobby Congress!!); 4) Democrats and Republicans taking the Public Option off the table so that there will nothing but insanely high insurance premiums and deductables--for horrible private health insurance coverage....5) Income inequality in the U.S. is the worst it has been since the 1920′s !!! The trends that have led to today's inequality of wealth and income are the result of how the federal government's (Dems and Repubs) policies have de-invested in the public sector, subsidized corporations (corporate welfare!!) and have distributed income/ wealth in ways that favor the super rich (who save/ horde wealth or invest overseas and not in USA job creation/ growth)...
I like my kids, they are decent human beings, and if they want to move home great, that is why it is called home.
I would never move back home, instead my brothers and I decided to live together and chip in. I love my parents, but having to listen to their christian crap day in and out would drive me insane.
Majors that require applied brains (engineering, computer science, et al) actually provide grads with skills that they can sell for real money.
Do all the communications majors really think that the world is lacking in communicators?
Yep - and some of these (teen boys) come with an obligation to pay child support. Which the parents end up paying to keep the son out of jail.
Maybe the religious idiots should be working on heterosexual marriage values and laws - and - stop focusing on gay marriage.
I'm curious too. What kind of engineer makes 11 dollars per hour? Just what kind of degree do they have? I personally find it incredible that a real engineering grad can't find a good job pay $50k and up.
What kind of engineer makes 11 dollars an hour?
Those words should not be in the same sentence.
Todays kids are all Mome and Dade kids. I was out of the house by 19. And did not come back..When things got hard, you do what you do to get by. Notrun home to mom and dad.
No back bone today. The kids are just babys. And can't make a go of it. Like the 30 year old down the street. Paying 500 a month for a car. But cant pay for a Apt. Ha! ha! get real...
I find that more young men move back than young women and that more young men stay at home than young women.
I personally know a man that has 2 boys in their 20's whom he supports: he's outright paying their car payments, insurance, food, etc...
The problem is Libs like you always look for someone to blame instead of finding a solution.
Sounds more like a description of a conservative - especially religious idiot conservatives. They always blame problems on a lack of religion in schools.
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