Many grads moving back home [View All]

[OhioChick]

More and more 20-somethings have to move back in with their parents. It's not just you.

Fri, Jun 3, 2011 8:55 AM

Hey there, June graduates: How many of you are discovering that heavy student loan debt + weak job market = moving back to your old room? You're not alone.

According to an article from The Charlotte Observer, plenty of people between 20 and 29 (and older) are moving back in with their folks. Such a move "protects them economically," according to Kathleen Harris, director of the National Longitudinal Study of Adolescent Health.

"They're less likely to have the material hardships of not having a phone or having their utilities turned off," says Harris, a professor of sociology at the University of North Carolina at Chapel Hill.

Between 2008 and 2010 the number of adults living at home went up 5%. That's another 1.2 million grown men and women who might be told to get home by 11 p.m., because after that the sound of the front door opening will wake Mom up.

More: http://money.msn.com/family-money/article.aspx?post=fb4699f6-f0ad-44c4-8207-e2af49bd4eb7