Sunday, October 17, 2010

Boomerang kids: 85% of college graduates must move back home

 

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.

"This recession has hit young adults particularly hard," according to Rich Morin, senior editor at the Pew Research Center in DC.

Boomerang kids: 85% of college graduates must move back home

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