Boomerang Generation Research Paper
Boomerang Generation/Moving Back Home (Course Writing Assignment)
The NY Times, in It’s Official: The Boomerang Kids Won’t Leave, explores the trend of increasing numbers of young people continuing to live with their parents after college. The article notes that one in five people in their 20s and early 30s currently live with parents, and 60 percent of all young adults receive financial support from parents. In the prior generation, only one in 10 young adults moved back home and few received financial support. The common explanation for the change is that young people had the misfortune of growing up during several unfortunate and overlapping economic trends. Today, almost 45 percent of 25-year-olds have outstanding loans, with an average …show more content…
A recent survey of college seniors found that 85% expect to move back home after graduation. For some parents, this move is initially welcome. Many miss their kids, and long to resume the closeness they previously had. For others, perhaps the majority, it’s a real burden on a lifestyle they developed when their adult kids were out on their own. In either case, parents now need to make a big adjustment. And, so do their kids, who had finally left home and relished in their independence and autonomy. Often for these children and their parents, moving back home for an extended period of time can be seen as a setback. For example At first when Bobby planned to move home after college until he found a job and could support himself, the entire family was thrilled to be able to spend time together again. It was assumed that since Bobby had been a hard-working, successful student, landing a “good job” would happen once he put in some effort. Three years later, Bobby still lives at home, and his situation seems far from ideal. His parents, who initially loved the idea of being able to help their son during his brief transitional time, now have mixed feeling about his extended stay. After all, they have their own retirement concerns, and they need to save more money to help pay for their old age. And, they shelled out quite a bit for Bobby’s college education,
The NY Times, in It’s Official: The Boomerang Kids Won’t Leave, explores the trend of increasing numbers of young people continuing to live with their parents after college. The article notes that one in five people in their 20s and early 30s currently live with parents, and 60 percent of all young adults receive financial support from parents. In the prior generation, only one in 10 young adults moved back home and few received financial support. The common explanation for the change is that young people had the misfortune of growing up during several unfortunate and overlapping economic trends. Today, almost 45 percent of 25-year-olds have outstanding loans, with an average …show more content…
A recent survey of college seniors found that 85% expect to move back home after graduation. For some parents, this move is initially welcome. Many miss their kids, and long to resume the closeness they previously had. For others, perhaps the majority, it’s a real burden on a lifestyle they developed when their adult kids were out on their own. In either case, parents now need to make a big adjustment. And, so do their kids, who had finally left home and relished in their independence and autonomy. Often for these children and their parents, moving back home for an extended period of time can be seen as a setback. For example At first when Bobby planned to move home after college until he found a job and could support himself, the entire family was thrilled to be able to spend time together again. It was assumed that since Bobby had been a hard-working, successful student, landing a “good job” would happen once he put in some effort. Three years later, Bobby still lives at home, and his situation seems far from ideal. His parents, who initially loved the idea of being able to help their son during his brief transitional time, now have mixed feeling about his extended stay. After all, they have their own retirement concerns, and they need to save more money to help pay for their old age. And, they shelled out quite a bit for Bobby’s college education,