More College Graduates Returning Home
As a result of the recession, it's not a surprise to hear that more college graduates are returning home. According to one article, more than 50% of graduates are following this trend. Why? Many graduates simply can't support themselves financially, with increasing debt and cost of living. And don't forget the current economy, where you have a limited number of entry level jobs and an abundance of qualified candidates. These and other reasons are forcing graduates to come back home.
So, what can parents/guardians do to help their graduates during a difficult time financially? It would be easy to say just give them money, but then, they wouldn't learn how to be dependent on themselves. Instead, provide graduates with positive reinforcement during their entry level job search. In other words, parents/guardians should tell their graduates that they will get a job if they're proactive, yet patient in their search. Then, remind them that once they have a job, they need to become financially responsible by taking care of priorities.
I'm sure a lot of college graduates would rather be on their own as opposed to returning home, but sometimes things happen which they have no control over. And sometimes they make mistakes that they have to learn from. So, college graduates if you do go home, don't take advantage of your parents/guardians; show them you are a work in progress, and that you will find an entry level job.
Information provided by Nicholas Aretakis.
Source
http://www.amazines.com/article_detail.cfm/737667?articleid=737667
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