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Survey: 85% of New College Grads Move Back in with Mom and Dad

  • I guess it's time to increase tuition, eh?

    --------

    The kids are coming home to roost.

    Surprise, surprise: Thanks to a high unemployment rate for new grads, many of those with diplomas fresh off the press are making a return to Mom and Dad's place. In fact, according to a poll conducted by consulting firm Twentysomething Inc., some 85% of graduates will soon remember what Mom's cooking tastes like.

    Times are undeniably tough. Reports have placed the unemployment rate for the under-25 group as high as 54%. Many of these unemployed graduates are choosing to go into higher education in an attempt to wait out the job market, while others are going anywhere — and doing anything — for work. Meanwhile, moving back home helps with expenses and paying off student loans.

    The outlook isn't sunshine and roses: Rick Raymond, of the College Parents of America, notes, "Graduates are not the first to be hired when the job markets begins to improve. We're seeing shocking numbers of people with undergraduates degrees who can't get work."

    Guess moving back home isn't limited to philosophy majors anymore.

    Read more: http://newsfeed.time.com/2011/05/10/survey-85-of-new-college-grads-moving-back-in-with-mom-and-dad/#ixzz1M7AdQHL0

    spartanFan801

  • Found my unemployed excuse in a couple years... still banking on that whole "end of the world" deal though

    bmrabbitt ●

  • your dumb ass books on tape lecture series marketplace degree program is still a fucking terrible idea

    Go Bears, Blackhawks, White Sox, and Pioneers. Just because I don't care doesn't mean I don't understand

    Yellowledbetter

  • spartanFan801 said...

    I guess it's time to increase tuition, eh?

    --------

    The kids are coming home to roost.

    Surprise, surprise: Thanks to a high unemployment rate for new grads, many of those with diplomas fresh off the press are making a return to Mom and Dad's place. In fact, according to a poll conducted by consulting firm Twentysomething Inc., some 85% of graduates will soon remember what Mom's cooking tastes like.

    Times are undeniably tough. Reports have placed the unemployment rate for the under-25 group as high as 54%. Many of these unemployed graduates are choosing to go into higher education in an attempt to wait out the job market, while others are going anywhere — and doing anything — for work. Meanwhile, moving back home helps with expenses and paying off student loans.

    The outlook isn't sunshine and roses: Rick Raymond, of the College Parents of America, notes, "Graduates are not the first to be hired when the job markets begins to improve. We're seeing shocking numbers of people with undergraduates degrees who can't get work."

    Guess moving back home isn't limited to philosophy majors anymore.

    Read more: http://newsfeed.time.com/2011/05/10/survey-85-of-new-college-grads-moving-back-in-with-mom-and-dad/#ixzz1M7AdQHL0

    Too some extent - I understand the pain of trying to find a job after graduation.
    But I think many of MY generation (Im 30) and those below me, have just been babied.

    Most of the kids I went to MSU with didnt have to work. Mom and Dad were paying the expenses for them. "Just focus on your studies". I dont want to say that I didnt have that luxury. I knew that my parents would do whatever they could-- but college for me was a time to grow as person. It was my chance to make sure that I could survive in the real world.

    Its why I ended up working 2-3 jobs since sophomore year, and still graduated with Honors. (Poli-Sci-prelaw, and dumb poli-sci not James Madison, so Honors isnt that big of a deal). But I was determined from the moment I left for college that I was not going to move back home with my parents. It wasn't even a consideration.

    I didnt get a job after college- but I still worked my crappy mall jobs to make sure I could pay the bills. I lived in crappy apartments, and houses that were over occupied. I put myself through law school and still worked 2 jobs.

    I say all this because I just think graduates nowadays are just more willing to move back in with mom and dad. Its become acceptable to so many of my peers. Save money no rent, no grocery bills - and then they spend just as much going out with friends because they dont want to be at home with their folks. As much as my generation is willing to accept - blame shouldnt escape the parents that are willing to coddle them.

    Im not saying there arent those who are better served- and who really need to move back in with mom and dad. Of course there are those for whom it makes perfect sense, and there is no other option. But I think that a lot of those who do it, only do it because they werent willing to live within their own means.

    WE {Izzo} ARE {CoachD} ONE {spartan} My spartan is: #23 Draymond Green.

    JonEintheD ●

  • JonEintheD said...

    Too some extent - I understand the pain of trying to find a job after graduation. But I think many of MY generation (Im 30) and those below me, have just been babied.

    Most of the kids I went to MSU with didnt have to work. Mom and Dad were paying the expenses for them. "Just focus on your studies". I dont want to say that I didnt have that luxury. I knew that my parents would do whatever they could-- but college for me was a time to grow as person. It was my chance to make sure that I could survive in the real world.

    Its why I ended up working 2-3 jobs since sophomore year, and still graduated with Honors. (Poli-Sci-prelaw, and dumb poli-sci not James Madison, so Honors isnt that big of a deal). But I was determined from the moment I left for college that I was not going to move back home with my parents. It wasn't even a consideration.

    I didnt get a job after college- but I still worked my crappy mall jobs to make sure I could pay the bills. I lived in crappy apartments, and houses that were over occupied. I put myself through law school and still worked 2 jobs.

    I say all this because I just think graduates nowadays are just more willing to move back in with mom and dad. Its become acceptable to so many of my peers. Save money no rent, no grocery bills - and then they spend just as much going out with friends because they dont want to be at home with their folks. As much as my generation is willing to accept - blame shouldnt escape the parents that are willing to coddle them.

    Im not saying there arent those who are better served- and who really need to move back in with mom and dad. Of course there are those for whom it makes perfect sense, and there is no other option. But I think that a lot of those who do it, only do it because they werent willing to live within their own means.

    very well said. both the parents and kids are to blame, parents for enabling and kids for thinking they are too good for shitty jobs and shitty apartments. Every grad thinks they will be making $50,000 out of the gate for some reason.

    bryanleeg

  • Simple answer is learn a trade, don't bother with college. You'll make a lot more money these days. Too many have a college degree so it's worth less, but it keeps costing more.

    jimmywalker

  • These stats seem pretty weird to me. I left the nest at 16 and never looked back. I don't think that any of my nieces and nephews stayed with their parents past their early 20's. I guess we must an unusual family.

    GarciaMarquez

  • GarciaMarquez said...

    These stats seem pretty weird to me. I left the nest at 16 and never looked back. I don't think that any of my nieces and nephews stayed with their parents past their early 20's. I guess we must an unusual family.

    When was that? You can't just take off at 16 and do much of anything these days. The whole point of the article is that there aren't very many good jobs for young people right now.

    arfabe16

  • jimmywalker said...

    Simple answer is learn a trade, don't bother with college. You'll make a lot more money these days. Too many have a college degree so it's worth less, but it keeps costing more.

    The average college grad still makes a lot more money than the average high school grad. And there's definitely a "cap" as to how much money you can make doing a trade, whereas your earning potential is much higher if you have a college degree.

    arfabe16

  • You mean people who think they were entitled to a job just for getting a degree are facing a reality check when they try to enter the workplace?

    Glad 15% of college grads weren't dumbasses like their peers.

    signature image

    Giant Moose ●

  • Giant Moose said...

    You mean people who think they were entitled to a job just for getting a degree are facing a reality check when they try to enter the workplace?

    Glad 15% of college grads weren't dumbasses like their peers.

    The stat doesn't mean that 85% of college grads are unemployed. I know a lot of people who have real jobs who live at home to save money while they first start working. Many people who grew up in the Detroit area got jobs there, so they just stay at home and drive to work from there.

    If I had that option, I know I'd do it.

    arfabe16

  • arfabe16 said...

    When was that? You can't just take off at 16 and do much of anything these days. The whole point of the article is that there aren't very many good jobs for young people right now.

    1980 when I left for college.

    GarciaMarquez

  • arfabe16 said...

    The stat doesn't mean that 85% of college grads are unemployed. I know a lot of people who have real jobs who live at home to save money while they first start working. Many people who grew up in the Detroit area got jobs there, so they just stay at home and drive to work from there.

    If I had that option, I know I'd do it.

    I know it doesn't mean that all 85% are unemployed or underemployed but I definitely favor the 15% who ventured outside of their home and didn't depend on Mommy and Daddy well after they were an adult. The cost of living in Detroit is also fairly low compared to most major markets, so it just tells me that these 20-somethings made bad decisions with money or can't manage themselves financially. Or they are scared to venture outside of their comfort zone...

    The 15% are the people with drive in my opinion and are the people who are going to be the next leaders. I'd much rather have one of them at my company than the others.

    This post was edited by Giant Moose on 5/12/2011 at 7:07 AM

    signature image

    Giant Moose ●

  • arfabe16 said...

    The stat doesn't mean that 85% of college grads are unemployed. I know a lot of people who have real jobs who live at home to save money while they first start working. Many people who grew up in the Detroit area got jobs there, so they just stay at home and drive to work from there.

    If I had that option, I know I'd do it.

    This. I got a decent job out of college (if you can define public accounting as a decent job), but lived at home for about 2 years while I squirreled some money away to build a house. Don’t regret it for a second.

    This post was edited by msuroo on 5/12/2011 at 7:09 AM

    msuroo

  • I am part of that 85%, as I moved back in for 3 years after MSU. However, I landed a job immediately out of school, but could commute from my parents house.

    I bought some batteries, but they weren't included... so I had to buy them again. What do batteries run on?

    Steven Wright

  • Education has been dumbed down to the point where degrees are a dime a dozen and the slide continues slowly but surely.

    Parents still think that a degree has the same value they remember when they were young.

    These days it's rapidly changing to what you know instead of having a piece of paper speak for you.

    I feel it's very important for kids today to look at what they are buying, i.e. what is the value of the particular degree they are working for when they get the piece of paper saying 'college graduate?'

    Some degrees do have a lot of value but the days of all degrees assuring success ended a long time ago.

    The free Khan Academy model will ultimately change the over-priced education system/scam:
    http://www.ted.com/talks/salman_khan_let_s_use_video_to_reinvent_education.html

    When you get Bill Gates on the podium with you as back-up speaker you're on to something good.

    This post was edited by Cheesewright on 5/12/2011 at 7:21 AM

    Cheesewright

  • 85%? That is complete bullshit. Maybe 85% of Liberal Arts and Education majors.

    ComeDependState

  • Giant Moose said...

    I know it doesn't mean that all 85% are unemployed or underemployed but I definitely favor the 15% who ventured outside of their home and didn't depend on Mommy and Daddy well after they were an adult. The cost of living in Detroit is also fairly low compared to most major markets, so it just tells me that these 20-somethings made bad decisions with money or can't manage themselves financially. Or they are scared to venture outside of their comfort zone...

    The 15% are the people with drive in my opinion and are the people who are going to be the next leaders. I'd much rather have one of them at my company than the others.

    I guess you and I disagree on what it means for new graduates to manage themselves financially. "Drive" for me was owning my own home, not pissing away rent on some shitty Royal Oak apartment. My parents had the space, so I took them up on it. Again, don't regret it for a second.

    msuroo

  • All 4 of ours came back for various lengths of time after graduation. None stayed longer than 10 months and paid modest rent while here. Each left with some savings, current on any loans they might have taken out, and a good job. Proud of all of them. Oh, and 2 graduated from State, 1 from Ferris, and 1 from Kettering. Not a single liberal arts degree amongst the bunch. The latest was 4 years ago.

    signature image

    I think of a hero as someone who understands the degree of responsibility that comes with his freedom. -Bob Dylan

    Geoff71

  • And I'm going to be living with in my in-laws again, by myself. Ugh...

    Dendrobates ●

  • Giant Moose said...

    I know it doesn't mean that all 85% are unemployed or underemployed but I definitely favor the 15% who ventured outside of their home and didn't depend on Mommy and Daddy well after they were an adult. The cost of living in Detroit is also fairly low compared to most major markets, so it just tells me that these 20-somethings made bad decisions with money or can't manage themselves financially. Or they are scared to venture outside of their comfort zone...

    The 15% are the people with drive in my opinion and are the people who are going to be the next leaders. I'd much rather have one of them at my company than the others.

    This is incredibly harsh. I think you have it completely backwards in fact. Those who can manage themselves financially are the ones who realize they can save financially by living at home for a couple of years. Tell me financial genius, what is the better financial decision: saving yourself thousands of dollars a year on rent and groceries, or spending that money when you could avoid spending it by living in a house roughly the same distance from work/school? In fact, I think much of those 15% are people who think that just because they are college graduates they should get a place by themselves without considering the financial strain it could put on a new graduate with a relatively low paying job. I dont know what kind of company you work for, but I dont know if you want the type of people who dont consider the repercussions of a decision. Im not saying you should or shouldnt live with your parents, I am currently struggling with this decision myself, but I can certainly see the benefits of both sides and dont look down on my many friends who choose to live at home.

    hyeguy ●

  • spartanFan801 said...

    I guess it's time to increase tuition, eh?

    Making higher education worse by reducing funding is certainly not going to do those grads any good.

    Meanwhile, MSU has an all-time high number of applicants.

    Trevor Barnes

  • Nothing wrong with functioning and contributing early 20 something's living at home. The American mindset of get the fuck out of my house when you turn 18 is funny to me.

    ByTor20084

  • smokebanana

    signature image

    Sparty > Walverines

    The MDS

  • ComeDependState said...

    85%? That is complete bullshit. Maybe 85% of Liberal Arts and Education majors.

    It would be interesting to see the break down of majors.

    Io Triumphe

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