85% living with Mom and Dad

i really don't see what's wrong with that. reduced cost of living and their either prudently investing their income or pumping it back into the economy. other than for lifestyle reasons, i don't see why it's a big deal.

They should be forced to do household formation.

So what percentage are living with only a mom or only a dad
Are we to assume 15% are in broken homes or some percent live alone

"and their either prudently investing their income"

What income? If they are living at home, then chances are they are unemployed.

Or maybe the kids want that Great Obama care health insurance now available till they turn 26.

A kid who graudates college today is utterly f*cked. I can't wait for the student loan bubble to burst. And when it does, it will be ugly. You think these kids are going to pay back their loans??

The student loan issue is terrible. Congress screwed them when they made the debts unable to be voided.
That said, there's nothing wrong with getting a job, living at home and saving extra money, which could be applied later toward the purchase of a home.

America's College Bubble Next to Burst, Says NIA

FORT LEE, N.J., May 7, 2011 /PRNewswire/ -- The National Inflation Association (NIA) - http://inflation.us - is pleased to officially announce that it will soon be releasing its hour long documentary 'College Conspiracy', which will expose the U.S. college education system as the largest scam in U.S. history. NIA has been producing 'College Conspiracy' for the past six months and plans to release the movie on May 15th. NIA members will be given the first opportunity to watch this must see documentary, which we hope will change the college education industry for the better.

NIA expects 'College Conspiracy' to take college education by storm and expose the facts and truth about tuition inflation to prospective college students. Almost everybody applying to college has heard the oft-repeated statistic that Americans with college degrees earn $1 million more in lifetime income than high school graduates without a degree. This is one of those statistics that gets repeated so many times that just about everybody accepts it as fact, but nobody actually does the research to confirm whether or not it is true. 'College Conspiracy' will prove once and for all if indeed this so-called statistic is true or just a myth.

If 70.1% of high school graduates enroll in a college or university, how does a college degree give you an advantage over the rest of the population? Back in the early 1960s, Americans didn't need to go to college. We were a creditor nation with a strong manufacturing base. With an unemployment rate of only 5%, jobs were available to almost everybody. Less than 50% of American high school graduates enrolled into college. For those who did attend college and graduate with a degree, it was actually something special that made you stand out from the rest of the field, because not everybody had one.

American college tuition inflation has been out of control for the past decade. During the financial crisis of late-2008/early-2009, almost all goods and services in America at least temporarily declined in price. The only service in America that continued to rise in price throughout the financial crisis, besides health care, was college education. Despite real unemployment in America reaching 22%, students were brainwashed into believing that if they were lucky enough to be blessed with the privilege to get half a million dollars into debt to obtain a college degree, they will be on a path to riches and have a guaranteed successful career; whereas those who don't attend college are destined to be failures in life.

The current college education bubble is one of the largest bubbles in U.S. history. The college bubble has been fueled by the U.S. government's willingness to give out cheap and easy student loans to anybody who applied for them, regardless of if they will ever have the ability to pay the loans back. Student loan debt in America is now larger than credit card debt, but unlike credit card debt, student loan debt can't be discharged in bankruptcy.

"A kid who graudates college today is utterly f*cked." I heard that in 1991...

""A kid who graudates college today is utterly f*cked." I heard that in 1991..."

I have news for you.

If you graduated college in 1991 (or earlier) and you lose your job in this economy, you're even MORE fcuked.

At least the recent college grads can afford to take those $17,000 jobs at McDonald's and Starbucks while still living at home with Mom and Dad, unlike the 40-somethings with mortgages and kids getting ready to head to college themselves. Not to mention often often supporting and caring for elderly parents.

as the only cousin of 10 that didnt graduate from a 4 year college, I am making the most money & I mean waaayyyy more than even the my ivy league grad sister. i realize its mostly because of the fields they chose ..teacher, art curator, management, social worker(the ivy league grad!!!) ...i think her student loans r about what she makes in 2 years gross!!! its gross!!!! half of them have second jobs ...tutoring,waitressing , bart tending & that is just completely insane. I think a big part of it is that none live at home (all ages bet.22-35) & they all live in the ny metro area. Also they are not married so depend solely on their own wages. One of my cousins just inherited a house on long island. she is a top level manager at enterprise & graduated from Providence U. She put the house on this shaky market for pennies on the dollar of what it was worth 5 years ago & she plans to invest the profit & take more student loans to go back to school to get her nursing degree. I cant understand this logic as she will have about 475k after the sale of the house. I would just pay cash & forget all that interest that will go into the lenders pocket.

I am a hairdresser btw.....who would think that I would make the most money in this group of graduates. & they thought i was out of mind to choose this field. its proven to be recession free for the most part. I def made less the past 3 years but in comparison to what I was making its still unbelievable. I also paid cash to go to school 10k. quite a bargain when compared to the others.

The Senate commerce committee has a hearing today on our f'd-up priorities re: trade education. It should be on C-Span tonight.

See http://www.mikeroweworks.com/2011/05/mike-rowes-oral-testimony-to-the-senate-commerce-committee/

Riversider complaining about Obamacare... herez the long form fktard. Social Security for fat cream cheese eating UWSers living in a COOP bought in 1989, is sorta hypocritical, no?

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