2009 College Graduates Moving Back Home in Larger Numbers
FOSTER CITY, CA--(PRWeb)--July 22, 2009--College grads are increasingly moving back in with mom and dad after graduation, according to recent poll results released by CollegeGrad.com, the #1 entry level job site.
Among 2009 U.S. college graduates, 80 percent moved back home with their parents after graduation, up from 77 percent in 2008, 73 percent in 2007, and 67 percent in 2006.
"Many factors are responsible for the trend of recent graduates moving back in with their parents," says Adeola Ogunwole, CollegeGrad.com Director of Marketing and PR. "The economy is tough right now. Every year, living independently becomes more expensive and entry level jobs become more competitive."
Another factor, said Ogunwole, is that "Gen Y" students--born in the 1980s and 1990s--tend to have close ties with their parents, depend on them for support and guidance, and feel no stigma at moving back home after graduation.
According to the CollegeGrad.com poll, nearly 70 percent of recent grads did not have jobs lined up when they graduated. The job market is certainly competitive, but Ogunwole believes there's an additional dynamic getting in the way of some graduates' employment: unreasonable expectations.
"Many recent graduates are turning down good job offers, holding out for better jobs and salaries in the belief that a college degree entitles them to more than entry level," says Ogunwole. "In today's job market, that's just not realistic."
In spite of the struggling economic climate, there is no shortage of entry level jobs. And the Top 2009 Entry Level Employers page at CollegeGrad.com features nearly 400 large employers looking for skilled entry level applicants. The need for entry level employees is huge: the top 10 companies offer a total of nearly 51,000 openings.
To get on the road to success, go to CollegeGrad.com's Job Search Central for extensive resources to help you land a great job. There are more than 200 resume templates in 6 different file formats, ready to customize and use, as well as clear, helpful advice on writing an attention-getting cover letter, preparing for an interview, and negotiating to maximize a job offer.
"Moving back home with mom and dad may be a good temporary solution, but the sooner you embark on a full-time job search, land a job, and learn to live independently within your means, the greater your chances of being successful," says Ogunwole.
The CollegeGrad.com online survey attracted more than 2000 respondents. New grads were asked, "Did you move back home after graduation?" and answered as follows:
- Yes, just for the summer - 11.5%
- Yes, Until I find a job - 68.9%
- No - 19.6%
CollegeGrad.com is the #1 entry level job site on the Internet and is the leader in the field of entry level job search. CollegeGrad.com regularly conducts surveys and polls on topics related to entry level job search, and has been listing the Top 25 Entry Level Cities quarterly since 2006.
Adeola Ogunwole, CollegeGrad.com, 1-800-991-4642 or contact us online.
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