-By Frank Hyland
After I graduated from High School, and even before college, I was more than ready to get out on my own. I very much looked forward to having my own place, setting my own hours, and setting my own rules. I have no doubt that the great majority of young folks today feel the same. The difference is that I could do it and did it. Today, more than eight in ten college graduates are forced to move back in with their parents, saddled with tens of thousands of dollars in debt in the form of student loans and/or credit cards. I can’t imagine what I would have felt like if I had moved back into the home that I wanted very much to have “in the rearview mirror.” Today’s graduates needn’t imagine it because they’re living it daily. The great majority of my high school classmates had moved out on their own, had gotten jobs, and had even started families. It wasn’t at all uncommon. Today it is very uncommon. If I had, for some reason, had to move back into my parents’ house, I would have taken every step to conceal that fact from my classmates who lived in their own apartments and houses. These days, with so many young folks back home, it may be a bit easier to admit the fact to one’s peers because at no time in the past, it is reported, have so many college graduates ever had to move back into their parents’ houses.
Leaving the issue of the cost of higher education aside for another column, the point to focus on here is the jobs market, especially for recent college graduates. In a word, it is “lousy.” Salaries and wages are low and are shrinking in terms of buying power, along with the number of jobs. The added burden, though, of having to repay student loans and credit card debt while coming up with the cost of filling a car’s gas tank, buying groceries, and clothing makes the prospects even dimmer. Many, I’m sure, question why they ever even went to college in the first place.
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