Moving HomeAfter College

Molly Canfield December 3, 2013

So You Have to Move Home…

• Moving back home might not be the ideal post-graduate living situation

• But there are many logical reasons to move back home

• It may seem like the end of the world but it’s not an unusual trend

• It’s actually becoming a very common situation

Pew Research Center

• A 2012 Pew Research Center study shows that 36% of young adults ages 18-31 in the United States are now living with their parents

• That’s 21.6 million young adults

Common Trend

• There is a 4% increase in adults living at home from 2007

• 36% of adults ages 18 to 31 are living at home with their parents

• Another 7% living with other family members, such as extended family or siblings

Living Arrangements for Adults ages 18 to 31 Represented in Percentages

Millennials Living at Home in 2012

• 56% of adults ages 18 to 24 live with their parents• 16% of adults ages 25 to 31 live with their

parents

• 61% of adults who live at home have attended college

• 40% have not attended college

Tips for Moving Home

• You might fall within the 36% of young adults that have to move home

• But don’t fret, here are some tips tell help you keep your sanity!

Tip #1- Set Reasonable Expectations

• Talk with your family about household expectations

• Understand and accept that your lifestyle is going to change

• You might not be able to have friends over all the time or stay out as late as you want

• You and your family will have to learn to adjust and compromise with the new living arrangement

Tip #2- Set a Time Frame• Talk to your parents about the length of your

stay• You may move home only for a few months

before you go to graduate school or start a job you have lined up

• You may move home indefinitely until you save money to move out or find a job

Tip #3- Stay Focused• Do not put your life on hold because you are

living at home• Keep working towards personal and career

goals• Continuing learning and trying new things by

starting new hobbies, volunteering, taking classes, or finding a job or internship

Tip #4- Discuss Finance• Talk with your family about financial

expectations• Will you be contributing money to rent,

groceries, household items, internet, and other types of bills?

• Will your parents be giving you money for living?

Tip #5- Have Fun

• Living at home after college may seem like a nightmare but a lot has changed over the last four years. You’re an educated adult now not a rebellious high school kid

• Appreciate the time you have with your family and take time to find a good job or graduate program for you

Resources

• Pew Research Center – Social and Demographic trends

• http://www.pewsocialtrends.org/2013/08/01/a-rising-share-of-young-adults-live-in-their-parents-home/

*The Pew Research Center is a nonpartisan fact tank that conducts research to inform the public of trends and issues