According to a poll by Philadelphia market research company Twentysomething Inc., 85% of college graduates are now having to move back home! You can read the article here from CNN Money that says that unemployment is 15% for people ages 20 to 24.
This is awful news for anyone still in college who is working hard to get their degree so they can graduate and get a job. Jobs for college graduates are harder to find than ever before and even if you are able to find one, it might not pay enough for you to live on your own.
Job pay going down is something that is not mentioned in the media as often as it should be. Jobs are not paying as much as they once were and/or people aren’t getting raises because employers can’t afford to give them. Many businesses have had to make a decision of freezing salaries, lowering salaries, or doing away with jobs altogether.
The recession has obviously hit everyone but it is the younger generation right out of school with little work experience that has gotten hit the hardest. College graduates are now faced with being out of school with big loans due, no where to live, and no job being offered to them. In cases like these, the safest place to go is back home and apparently 85% of you are doing just that!
HINT:
If you are just starting college, it would be smart to do some research and decide to major in something that pays well and there is demand for. Think ahead before you choose your major and you might even consider not majoring in your favorite area. After all, why get a degree in history if there are no jobs out there for history majors?
It seems right now that anything having to do with computers, technology, and science seems to have demand and jobs in those field pay well too. Figure out how you can graduate with a degree in something that will help you actually get a job. College is expensive and while those four years are fun, they are really meant to groom you for a job in the real world. Get a degree in a discipline that you will be able to profit from down the line and maybe you won’t be one of the ones who has to move back home with your parents!