He Gets His Old Room but Not for Free, Not Forever

Michelle Singletary:

They're coming home.

Many parents already know this, but after four, perhaps five or even six years of school, many college graduates -- faced with a tight job market, higher gas and food costs, and mountainous debt -- have no choice but to move home to get their financial bearings.

And you know what?

Despite assurances that they will stay for only a little while, this time next year many of those graduates will still be living at home. That's what MonsterTrak found in its annual nationwide survey of college students, recent graduates and entry-level employers.

Continuing a three-year trend, just under half of prospective graduates, 48 percent, plan to boomerang -- or move home -- after graduation, according to the online career resource company.

Posted by Jim Zellmer at May 20, 2008 1:33 PM
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