A boomerang is an Aboriginal Australian weapon, shaped like a wide and rounded 'V', that was originally used for hunting. Over the years it has shifted from being a sharp tool to a plastic toy. It is similar to a single player version of Frisbee, except that when you throw a boomerang it hovers around and then returns to the place where it was thrown from. Aptly named, the 'boomerang kids' are young adults that, after leaving home for a few years, return home to live with their parents, just like a boomerang. The boomerangers include people from twenty-four to thirty-five years old, and most are fresh out of college with their newly earned degrees.
According to the U.S. Census Bureau there were about 4.6 million of these boomerang kids. This is about 40% of all people aged 24 to 35 who are living with their parents in the U.S. (Lank). The biggest increase in boomerangers, is among college students. A study done by collegegrad.com shows that in 2006 about 67% of all college graduates returned home. This is a huge portion of the college graduate population, but in 2009, that percentage rose to about 80% of all graduates (Zappe). This number has not only increased, but is expected to continue to increase at a significant rate. But why are so many young adults flocking back to their parents home not long after they have finally gotten their freedom?
Many do not have much of a choice. With the nation pulling itself out of a recession, prices are soaring, debt is piling up and jobs are harder to come by. In an interview done by the National Public Radio, they discuss college tuition with College Board's senior policy analyst Sandy Baum, who is the co-author of the 2008 report "Trends in College Pricing”. Baum, says that college t...
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This source is a chart with statistics directly from the Bureau of Labor Statistics regarding unemployment rates in the U.S. in 2010 and 2011 It separates the population by age, sex, race and ethnicity. This information is geared towards people looking for precise numbers and statistics because it give the data but does not explain the numbers to the readers.
Zappe, John. "Facing Tough Job Market, New Grads Accepting More Offers, Lower Salaries." ERE.net. The Journal of Corporate Recruiting Leadership, 02 June 2010. Web. 06 Apr. 2011.
This article tells the readers about some of the challenges of getting a job that college students and graduates face due to the economy. It gives detailed statistics and ties them into the topic. It mentions a collegegrad.com survey that gives the percentage of students that moved back home after graduating.
Bruni begins by describing the golden promise of college as it appeared for baby boomers. In that time getting into college and completing a degree was enough to be successful. He acknowledges that this idealized vision of college may be inaccurate, however, he asserts that the issue is far more “complicated” than it once was. Bruni makes use of a recent (2012) debate over student loan interest rates in the U.S. to explore the issues surrounding college education today. While rising student debt is certainly part of the problem he suggests that the issue extends beyond that. College is now a “luxury item with newly uncertain returns” (Bruni). While rising costs make college a luxury item that not everyone will be able to afford, even those who can and do manage to go to college are not guaranteed success.
A majority of people believe that graduating from college will result in a well-paying job. Unfortunately, a degree will not secure a job for many graduates. In the U.S., the jobless rate for college graduates in 2012 was 7.7 percent, and has further increased in the past five years(Robinson). With such a large pool of unemployed citizens for employers to choose from, recent graduates are facing fewer opportunities for work due to little or no previous work experience(Robinson). Although many graduates are faced with unemployment, the majority do receive the opportunity to work. Sadly, many must work jobs they do not enjoy for salaries that make it difficult to make ends meet(Debate). Students are faced with mortgage-sized debts upon graduation, making it difficult for them to start businesses, buy cars or houses, or make other investments that would better the
Community colleges and vocational tracks are not wrong about the high cost of traditional higher education. According to the U.S. Department of Education’s National Center for Education Statistics, one year at a public, four-year institution costs upwards of $23,000 on average, while private institutions will cost nearly $10,000 more on average. Coupled with the fact that prices at public institutions rose 42 percent and private institutions rose 31 percent between 2001 and 2011, it’s not a shock that parents and students alike worry about paying for college. However, this won’t always be the case, as this rise in prices simply cannot continue the way it has. Eventually, people will be unable to pay the price that colleges charge. They will either settle for com...
Allan and Davis mention the spike of college cost since 1995 has increased by 150 percent; student debt has increased 300 percent since 2003, and with education, second to the mortgage industry in the nation’s debt, America needs to redirect their attention to the future and focus on education (Allan n. pg). Budget cuts from national to state
As a humbled and mature member of the Boomerang Generation (Burrell, n.d.) there has been an increase of adults moving back into their childhood homes. According to J. Burrell, “there are many reasons why this becomes necessary. The biggest cause in this latest generation was a stagnant economy that caused problems in the job market”. Through my experience and encounters with other boomerang members,
If more people went to college, and less went the vocational route, jobs will take a momentous hit. Today, companies will not even touch an application that does not include a Bachelor’s Degree; even if the Bachelor’s Degree has nothing to do with the job being applied for. Attention is not given to whether the hopeful applicant qualifies for the job; all that matters is that the applicant has a Bachelor’s degree. Murray best sums up the American job market when he says, “Employers do not value what the student learned, just that the student has a degree” (Murray). However, if less people obtain a Bachelor’s Degree, employers will be forced to base applicants on their skills, and abilities. Furthermore, important vocational jobs that lie vacant will be filled. Good electricians, carpenters, and construction workers will always be in
"How the Government Measures Unemployment." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, n.d. Web. 04 July 2017.
For the past decade, The United States has stressed the importance of college education, to those seeking employment, and better careers. For most people, college is the logical next step in education, as it provides a working knowledge of a desired field and opens the door to many opportunities, but college has become increasingly more expensive as time goes on. Many people feel that college is no longer an option financially. Even with financial aid and scholarships, the cost of a college education can still be very taxing. This is due to massive price increase across the boards, but the main issue on most people’s minds is the debt that will be acquired from higher education.
According to the Bureau of Labor Statistics, college tuition and relevant fees have increased by 893 percent (“College costs and the CPI”). 893 percent is a very daunting percentage considering that it has surpassed the rise in the costs of Medicare, food, and housing. As America is trying to pull out of a recession, many students are looking for higher education so they can attain a gratified job. However, their vision is being stained by the dreadful rise in college costs. College tuition is rising beyond inflation. Such an immense rise in tuition has many serious implications for students; for example, fewer students are attending private colleges, fewer students are staying enrolled in college, and fewer students are working in the fields in which they majored in.
Since the 1980’s the cost of attending colleges have increased rapidly. Rising costs of for Medicare, highways and prisons have caused many states to reduce a percentage of their budget for higher education. Colleges and Universities currently face a very serious challenge:
Steve Cohen shows the disparity between the rising cost of college and a family’s capability to afford it. Cohen explains “Tuition has risen almost 1,200 percent in the last 35 years, and the sticker price for many four-year private colleges and out-of-state public universities exceeds $250,000.” Moreover, he goes on to say that even at public universities, it is about $80,000 for four years for tuition and other college related expenses. Later in his article, Cohen explains how this leaves middle-class families in a very uncomfortable situation. The parents or other money-making entities in the household want their student to go to college and earn a degree, but now there can be an element of stress in figuring out how the fees will be paid for. Furth...
First of all, the unemployment rates are usually low in some areas like in many other races. They are at its worst around Alaska, Northern Plains, and Southwest Regions. Also the gap between them and whites are largest around the Southern area. And to end that, the recovery rate is pretty slow.
In Caroline Bird’s “College is A Waste of Time and Money”, it’s argued that there are many college students who would be better off if they were to begin working after high school graduation. Colleges and universities can no longer ensure that one will go on to get a better job, getting paid more than they would have without a higher education. However, high school seniors still stress about where they will be attending college, how they’re going to pay for it and what they’re going to study for the next four years. Bird points out how college has changed over the past few decades and how, in turn, it has set many young adults up for disappointment, if nothing else.
Unemployment rates is the number of unemployed people divided by the number of people in the labor force. According to IndexMundi (2018), the unemployment rate of whole world in year 2017 is 7.9%, which was increased 0.6% compare with year 2016.
Rivard, Ry. “Is Panic over College Costs the Product of Generalizations?” Inside Higher Ed. 23 Sept. 2013. Web 17 October 2013