A weak economy and high debt levels are prompting more young adults to return to the family nest, a new survey shows. Perhaps surprisingly, most are happy with their living arrangements.
After graduating from Brown University in 2009 with a bachelor’s degree in comparative literature and completing a Fulbright scholarship in Brazil, Cassie Owens was left with a few dollars on her stipend and no job in sight. So, Ms. Owens returned home to her mother in Philadelphia.
“I moved back home pretty much for lack of money and prospects,” she says. Owens’s cousin, Evon Burton, who also returned home after graduating from Morehouse College in 2009, adds, “The choice is to go out and be in debt or to pursue your dreams and save up money at home, in a safe, stable environment.”
1 comment:
Eddie seaton lives at home with his mommy in the garage with his girlfriend and their newborn daughter when she comes home from the hospital....almost 30 and still living at home mooching off his parents!
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