Skip to comments.85% of College Grads Move Back Home
Posted on 10/15/2010 9:40:56 AM PDT by TigerClaws
NEW YORK (CNNMoney.com) -- Getting a degree used to be a stepping stone to limitless career opportunities. Now it's more of a hiatus from living under your parents' roof.
Stubbornly high unemployment -- nearly 15% for those ages 20-24 -- has made finding a job nearly impossible. And without a job, there's nowhere for these young adults to go but back to their old bedrooms, curfews and chore charts. Meet the boomerangers.
(Excerpt) Read more at money.cnn.com ...
You get what you vote for.
“Getting a degree used to be a stepping stone to limitless career opportunities”
I wonder how many if these students got actual, useful degrees. These days, getting certifications is where it’s important. A degree should no longer be primary.
I graduated in 2002 and moved back home with mom. Work wasn’t falling into my lap, so I worked for a family member for a few months until I found a contract job.
This statistic is nothing new. I don’t personally know many college grads who go right into a full-time job after college unless they’re engineers or educators.
Look on the bright side - at least the Obama-induced Depression will promote greater unity of the family.
Talk your kids into getting useful degrees. Nobody wants a greenhorn with a useless liberal arts degree. Those are only good for community organizing.
I wonder if Obama is King of the youth anymore, the educated ones.
It was the college crowd that LOVED Obama the most!
YOu’ve been HAD.
Sign up for road paving - it’s a UNION job!
Just think, YEARS of EXPENSIVE EDUCATION and YOU are NOT wanted of appreciated.
How’s that “hope” and “change” FEELING NOW?
I had a full time job, but it paid so little (actually less than I made my senior year IN college) that I couldn’t afford to move out for a year.
Not all of them voted for Jarjar. My cousin didnt vote for O, but most his graduating class did, so he was sort of a pariah in the Kool Aid circles. His software engineering degree combined with encryption certification has already landed him a good job...but his other friends in English Lit, they’re FKD.
Two of mine moved back home. One was out of the house 11 years. Her student loans topped 75K and found it difficult to pay her rent. She brought two cats with her too! Lucky me! PS none of my children voted for Obama.
There's another story that is directly related to this one: The number of college grads moving back to their Grandparent's homes. Why? Because mom and dad already have - that home is gone.
I would love to know their majors.
And how many in the 20-24 years old age group voted for Obama?......
Well to be fair, 85 percent of college kids did not vote for Obama. My kid has lots of conservative friends in college, and many are at home living with parents, just like the “liberal” kids that voted for Obama.
Thankfully, our son has a good job and is able to afford his own expenses, but he’d love to be sharing his home with a roommate to cut down on his expenses...only problem is, none of his friends, or acquaintances, make enough money to be able to afford it. I’ve been amazed at the number of grown guys living with their parents.
I’m glad he’s not living with us, but I guarantee, he’s more thrilled that he’s not living with us, LOL.
What’s an “encryption certification”?
well why not...they’re now all chillrun till age 26 courtesy Obummercare.
My 21-year-old daughter’s a college senior working 3 jobs. She lives at home, but can’t wait to get out into an apartment or have an adventure overseas. She pays (pretty close to) her share of insurance, etc. I’m confident she’ll fly when it’s time.
I was home for about a year before I moved into an apartment with a buddy of mine. Aside from a brief stint there before moving into my house, I never went back to the nest.
I already had a job lined up when I graduated and I went directly to it and an apartment.
It would have been unthinkable for me to live with my parents after graduation.
But those were different times, I guess.
It’s a new “certification” added on the curriculum to make it look like a double major. Or so, that’s what his college says..He “almost” never had any problems getting work. His only issue was the pay but that can easily be resolved because his summers were spent interning for At&T.
time to change the locks? I love when they visit; love when they leave :)
And these kids out of college are not included in the unemployment statistics. It is much, much worse than the govt is letting on.
22 yr old daughter moved home. Working a temp office job. Her degree is BSN. She is a licensed registered nurse. She cannot find a job in this area that does not require at least 1-3 years experience. Her classmates are finding the same thing.
Oh, and she did not vote for 0bama.
Nurses are in demand all of the U.S. My friend is getting job offers from everywhere. Maybe it’s time for her to relocate.
If you live in a high cost area - there is no amount of salary in order for college grads to live on thweir own.
I always cringe when Rush mocks these people.
Nursing is not the panacea job everyone thinks it is. I tell people who are getting into nursing that nursing is paid mostlyout of public funds. And public funds are going kaput.
They are welcome anytime. Glad to have the chickens all in one coop.
However, the rules changed the day they went to college.
In many areas this is impossible.
i really don’t get why some mock college grads moving back in with the folks considering the debt load, low salaries, etc.
Good. Extra hands will be needed to stand a watch when the SHTF.
This may come as a surprise to you, sir, but those "liberal arts" degrees do have value. I think that a substantial number of people on Wall Street have such degrees. Mine was in political science (I had hoped to go to law school but when the time came I couldn't afford it) and I got a job as a surety bond underwriter trainee (the firm didn't hire anyone who didn't have a college degee).
You see, employers tend to look at it this way. Possession of a college degree (never mind the major) indicates that that person has a certain degree of intelligence and sticks to the task, in this case, four years of study. Also, one acquires a certain degree of "polish" from the experience. They'll train you to know what they want you to know.
Now, of course, this does not apply to certain disciplines, such as engineering or professions such as medicine. But for some reason folks here on FR are hung up on emphasis on engineering, as though those degrees are the only ones which have value. And it's not so.
But I made out all right. I am retired now and this past year my retirement income and that of my wife came to $95,000. Not bad for a "useless" liberal arts degree. No?
I’m ashamed to admit it but I’m stuck living at home. There are no apartments no one rooms I can afford. I go to school and bust my hide at work and I give my parents all the money I can. It’s pathetic I never thought I’d be 23 and still be stuck here.
Considering the idiocy of my peers they should raise the voting age to 30.
We have nurses in our area (FL) that aren’t getting enough hours. I have a couple friends that are RNs and they’re getting calls to not come in. Evidently the hospitals are low on patients. Probably due to the shortened stays approved by insurance. Anyway, whatever the reason is, these nurses aren’t happy they have lessened hours, but they’re happy they have a job because hospitals in our area are laying off nurses (2 other friends, with same hospital for 20 years, were laid off suddenly last Christmas.)
We are heading to more multigenerantion homes as it is, old school, and that is not a bad thing.
The way some snicker at recent college grads on this site is really stupid considering in many areas, its impossible to live on your own making 40k a year.
Probably due to the shortened stays approved by insurance. Anyway, whatever the reason is, these nurses arent happy they have lessened hours, but theyre happy they have a job because hospitals in our area are laying off nurses (2 other friends, with same hospital for 20 years
Not insurance, it is the government funding that is not being paid to the hosptials that are mandated to take patients but are not being paid.
I think the whole “stigma” of majoring in stuff like Womyn’s Studies or English Lit does not exist anymore and so kids do major in that sort of stuff and then have a hard time finding job with that as a B.A.
I also think a lot more kids are getting a Master’s degree right after their undergraduate degree and living w/mom and dad makes sense.
Back in the mid-80’s, I remember my dad saying “Why do you kids feel like you have to move out just because you’re out of college?” I guess he was ahead of his time.
Its economic reality - and some of the older people on this site have no clue what young people are dealing with.
When i hear rush rant on this, i shut the radio off =as he could not be more out of touch on this issue.
Do the damn math and itsd plain to see that living by ones self is not an economic possibility for most people in many areas.
They voted for change...
they used to have a future... now they live with mom!
That’s change !
Well, here in the Ohio Valley she could buy a nice starter home for around $60,000 or rent a very nice apartment for around $500/month including utilities. Cost of living is very low- I cook a lot and our weekly food budget, including a six-pack or bottle of wine for my husband and I, is $100. This is for food and dry goods for 3 people. Her bill would be much lower, though. Nurses at Trinity are earning a starting salary of $45-50K, depending on what type of nurse you are. They were offering a $5000 signing bonus, but I don’t know if that’s still happening. Wife of friend just got a nursing job in Cleveland- $75K as a research nurse right out of college, $10K signing bonus. She and her husband live in a nice suburb with a lower cost of living than other Cleveland burbs. The friend I wrote about in my previous post was offered a job in LA. The signing bonus was enough for moving expenses & apartment down payment. The increased salary in LA was enough to compensate for cost of living. Don’t know what you’re talking about with cost of living v. salary.
In my undergaduate days (early 70s) I used the summer to make money as a roadie. Spent three months running sound for big and small small venue touring acts all over the south. Met lots of people in the business and made pretty good money as well as learning a ton of stuff that I still use. My College degrees didn’t make me much money but I have had a job running class room support ‘media’ for over 33 years at a local college. I taught for a while but the politics of Faculty status sucks and the money wasn’t that much better than just being staff. The moral is learn how to do something to make money while your getting that degree. Never lived back with the folks but now I am taking care of my father who is 92 and can’t cook a lick.
Well, I did say that those were different times.
Really? I have an aunt in Bradenton (can’t remember which hospital, but it’s not Manatee) who clocks 75-80 hrs/week. My aunt & uncle in N. Ft. Lauderdale can’t keep nurses on staff at their private practice, they are always hiring.
I live in NYC and its impossible for anyone unless you make over 100k or better.
Some of you guys have no clue whatsoever what goes on in other parts of the nation.
Same with my Dad, since I was 12 he would say “6 more years and you’re moving out...period” and made a countdown every year. Once I left for college and got an off-campus job to pay (on my own) for rent and tuition, he was “well, it’s expensive nowadays, move in with us so you could save up”.;)
Move. I did.
If you are retired... then you are pretty old, which means you got your degree LONG ago.
A liberal arts degree today is a worthless piece of parchment.
And you would know that a liberal arts degree is useless because _________________ (fill in the blank).