Imagine working countless hours, and spending countless dollars on achieving a college degree, with expectations of this entailing task paying off in the form of a well-paying job. This is what every college graduate hopes for, but unfortunately this is not always the case. In recent years, the number of “boomerang kids,” or kids who cannot find work after college forcing them to move back home, have been increasing greatly. According to a recent study, approximately 85% of new graduates have moved back in with their parents (Schools.com). With a poor economy creating a tough job market, it does not appear that these numbers are rising anytime soon. Along with this comes a question on whether it is socially acceptable for the parents to allow their child to move back in with them. Under certain terms, boomerang children need to be allowed to move back in with their parents.
One outstanding reason for the influx of boomerang kids can be credited to the cost of college. According to a report from the Pew Research Center, the average college graduate who took out loans to finance school graduates with around 23,000 dollars of debt (schools.com). For a newly graduated adult who cannot find a decent paying job, having to cover rent and the cost for other utilities on top of this massive debt can be near impossible. Because of this, having a cost free alternative for housing might be a simple way to immensely help out graduates. Without having to worry about affording rent, they can focus solely on paying back their student loans. This can be beneficial in the long run also, since these loans will be paid off sooner rather than later, they will not collect as much interest, ultimately making them che...
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...lazy, unmotivated, and disrespectful. In order to preserve the benefits that are entailed with moving back home, rules such as these must be enforced.
The heightened influx of boomerang kids is certainly eye-raising, but not necessarily a bad thing. Various financial gains can be achieved from the decision to return home after college studies for a relatively short period of time. In the majority of cases parents will be willing to help their child knowing that it will take an unnecessary financial burden off of their child’s shoulders while directly benefitting them and setting them up for the future. If a new graduate is having trouble landing a job that can support them then it is not logical to weigh them down with additional burdens that they cannot handle. Boomerang kids are certainly a misunderstood group, but nonetheless, a group on the right path to success.
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