2012 July 02 Monday
Most College Grads Move Back Home

College degrees: the path to a return home to live with your parents.

More than half of college graduates move back home, sociologist Katherine Newman wrote in her book, "The Accordion Family: Boomerang Kids, Anxious Parents, and the Private Toll of Global Competition," based on surveys conducted worldwide.

Kids should do college majors that let them escape from returning to the family home, debt laden, after getting their bachelor's degree. Art history: the path to extended parental home living. Communications Studies: a great degree to give you better skills for talking with mom and dad when you move back in to live with them after college. Psychology: Useful skills for doing psychotherapy on your mom when you move back in with the parents after college and mom gets really upset you've wasted your college years.

I think every college major should have a published probability of forcing you to move back in with your parents after graduation. Then a lot more people would major in computer science and engineering.

Share |      By Randall Parker at 2012 July 02 09:54 PM  Education Returns On Investment


Comments
Engineer-Poet said at July 3, 2012 10:02 PM:
a lot more people would major in computer science and engineering.
Followed by a lot more flunking out in their freshman year and going back home, albeit with a lot less debt.

Ideally, colleges and universities wouldn't accept students whose prospective earnings wouldn't service their loan debt.

Mercer said at July 4, 2012 8:41 AM:

The expectation that someone should move out when they turn 18 or graduate from college is outdated. It made sense when land was cheap and wages were high. Now it is a luxury that most can't afford. Non whites are more tolerant of kids living at home. This is good for their finances. Houses are big these days so it is not a strain on parents.

If people don't like the trend they should complain about economic policies that increase housing prices and stagnant wages. It was not young people who put these policies in place.

Black Death said at July 4, 2012 11:08 AM:

"Ideally, colleges and universities wouldn't accept students whose prospective earnings wouldn't service their loan debt."

True, but right now, the colleges don't care. They don't have any skin in the game. If they had to be responsible for the debt, they'd be a lot choosier about their admissions. Government subsidies for education loans should be abolished. This is just another housing-type bubble. When will they ever learn?

Neil McNeil said at July 4, 2012 11:33 AM:

"Government subsidies for education loans should be abolished."

Yes, in fact all that is called public education should be free, period. However, and just so nobody thinks that would make us Socialists, there of course should still be those expensive private club-like universities where students pass by means of nice donations for building yet another useless Peter-Pan Hall or Michael-Jackson Auditorium.

Zamman said at July 5, 2012 9:41 AM:

"Yes, in fact all that is called public education should be free, period."

Either that, or we should stop calling it "public."

Half Sigma said at July 5, 2012 10:45 AM:

Actually, Art History is more likely to lead to being in the Top 1% than Computer Science or Electrical Engineering.

http://www.halfsigma.com/2012/01/what-do-the-top-1-major-in.html

Drab said at July 13, 2012 7:32 PM:

"If people don't like the trend they should complain about economic policies that increase housing prices and stagnant wages."

Mass immigration tends to increase housing prices while simultaneously suppressing wage growth.

Guy Gold said at July 18, 2012 4:31 PM:

The average return on a college degree is negative 50% (-50%). The average turn on the best paying degree-engineering, is about negative 25% (-25%). So financially, there may no longer be ANY degrees that will allow Americans to leave home. One of the reasons wages are falling in a global economy is that many places in the world young married couples live with their parents until they die-then when they produce children they live with them until they die. The wages in many countries are so low that having children leave the home is a luxury that can't be afforded. It should have been easily predictable to see that the rush to the bottom would create that standard of living in America:

http://voices.yahoo.com/government-credentialing-gone-wild-unnecessary-degree-11486786.html?cat=9

This on top of the fact that with the US reaching Peak Oil-The Good Times are Really Over for Good:

http://voices.yahoo.com/yes-merle-good-times-were-really-over-good-11274020.html?cat=4

http://petrole.blog.lemonde.fr/2012/07/09/denying-the-imminence-of-peak-oil-is-a-tragic-error-says-ex-iea-petroleum-expert/

paulkael said at August 5, 2012 8:12 AM:

Not entirely true. After college, hot girls find work in restaurant or entertainment business. They become servers or bartenders. If really good looking, strippers. Check out Pussy Cat Dolls. Servers and bartenders dress like strippers anyway. In the meantime, all these people make quite a good living. Lots of money for slutty clothes and expensive hair and make-up. The secret is they must live in upscale area. This tactic would not work in San Bernardino. Hopefully they aren't burdended with a Envirmental Studies boyfriend. These girls have many devoted patrons on the other side of the bar. Rich husband can't be far behind.

paulkael said at August 5, 2012 8:20 AM:

Not entirely true. After college, hot girls find work in restaurant or entertainment business. They become servers or bartenders. If really good looking, strippers. Check out Pussy Cat Dolls. Servers and bartenders dress like strippers anyway. In the meantime, all these people make quite a good living. Lots of money for slutty clothes and expensive hair and make-up. The secret is they must live in upscale area. This tactic would not work in San Bernardino. Hopefully, they aren't burdended with an Envirmental Studies boyfriend. These girls have many devoted patrons on the other side of the bar. Rich husband can't be far behind.


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