2nd Childhood

Somewhere around May to early June, colleges across the nation prepare to usher their graduating seniors into what some call the "real world". The U.S economy  and scarcity of jobs in the workforce have many soon-to-be graduates apprehensive about the quality of post-commencement life. According to the daily press, a study in 2012 by the Pew Research Center in D.C. revealed that 36% of millennials age 18 to 31 were living with their parents. This was the largest share in four decades. 

(source: Jules Suzdaltsev)

In 2013, an article posted in the money section of CNN.com revealed that 36% of college educated workers were employed in positions that require no degree. Individuals in this group are said to earn about 40% less than their peer group. 

(source: money.cnn.com / Center For Labor Market Studies at Northwestern University)

According to the Bureau of Labor Statistics the unemployment rate for individuals with a bachelors degree or higher as of February 2014 was 3.4%. Many students take out private and federal loans, those of which come with ridiculous interest rates. 



With little prospectus for professional, gainful employment, many students find themselves back at home after graduation. Once again they must re-experience the horrors of adolescence and the torture of what is living with parents. An obvious lifestyle adjustment is in store for those planning to return to the nest, and there are a couple steps one should take to ensure a smooth transition. 

Having to make such a decision can be a hindrance to the development of a young adult. Entering college was a milestone in and of itself. For most, this time was full of fresh experience and new responsibilities. The days of curfews, rules and restrictions were replaced with long nights and days full of freedom and Independence. During this stage many of us learned life's valuable lessons such as how to feed oneself on a meager budget, how to properly function under states of extreme sleep deprivation and even how to squeeze a few extra dollars from a paycheck that for the most part gets swallowed by bills. 

(source: Bill Fay Blog / Jeff Pasette)

The most important lesson learned within college is that of self-reliance. From the first class students must learn that within the higher levels of academia there rests little abject guidance or constant motivation / direction. It is the responsibility of the student to ensure the success of their own academic career. To make it all the way to graduation means that one has achieved a certain level of self-consciousness, a respect to the ability to harness the inner self and take control of ones life and actions in it. With this achievement comes a sense of fulfillment and empowerment. 
Having to make the decision to move back in with the parents can deal a significant blow to the confidence level of a young adult. While the step can help ease the transition into what is now a volatile economic workforce, it must be acknowledged that this can also be a setback for graduates. 


(source: John Lorinc / PNC Financial Independence Survey)

What is the answer to such a dilemma? Signs of our economies weak job market do little to help restore our faith. Should the pressure be put on students themselves or the government? What about the CEO's and managers across various fields of employment, they play a part don't they? While the Federal government finds ways to improve the economy and boost the prospectus for those looking to leave college soon, those who are on the cusp of graduation are feeling heat. In my opinion, something needs to be done.

(source: youtube.com/CNN)