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 ...
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).
Sometimes it is not as easy as that. People have sick relatives, family ties, not many job prospects as it is. etc etc.
Some of the people on this site are so short sighted and ignorant as to economic basics and reality its not even funny.
Do the math and its easy to understand why 85% move back. For people to not see this is beyond stupid.
maybe because they want to be able to bring girls back to their place to play ;)
I'm 52 and have been where you are. It gets better.
Our oldest just graduated and landed a good job in his field so we expect him to go within the year. They all three work, pay for their books and pay rent.
Life is hard, spoiling them at any age workds against them
I graduated college during the Carter Recession, got a job upon graduation and was laid off after four months. I moved back home for awhile and then moved in with friends before I finally got a job as a telephone operator. It wasn’t anything I had trained for during college but I was running out of lifelines.
Other than a year off to write a book, I have been drawing a paycheck ever since. It was not what I wanted to do or thought I’d be doing but I’ve made my peace over it. Ultimately, having a track record as a good worker is more important than a sheepskin.
I seriously am revolted by many Freepers’ attitudes on a lot of these issues.
Clueless and ignorant does not even describe the attitude of many who sit there at a keyboard mocking young people facing an economic vice squeezing them royally.
Its as bad DU sometimes with the level of stupidity.
The fact is that recent college grads are screwed royally between the cost of living, taxes, school debt, etc. and for people to laugh at them is disgusting and beyond ignorant worthy only of DU or some of the fools at HP.
Yeah, I was surprised too...but it is a major hospital in the Tampa Bay area that laid off, and the other is reducing hours. All these nurses were RNs...I wondered if it had to do with hospitals replacing RNs with LPNs or possibly shorter patient stays, or just simple cost cutting by the hospitals. I know they’ve gone to the 12 hour shift model, that sort of surprised me last time I was in the hospital. For years it was the 7-3, 3-11, 11-7 shifts, now it’s 12 hours. I can’t even imagine how tired those nurses are after 12 hours.
Here’s an interesting thread I found on a nurses site about supposed reasons why there is no nursing shortage in 2010:
I had a boomeranger in his late twenties who had left the nest, got a job in construction and bought a house. He lost everything, including his truck, in the housing bust. He only stayed with me a couple of months before he found a job and a place, but he is still struggling to recover. At least he is still young, able to start over and capable of living hardscrabble as a bachelor. It could have been far worse.
My daughter just graduated with a 4 year degree, She living with us and working at Peet’s Coffee Shop. Thanks 0bama.