According to a recent report by Pew Research economist Richard Fry, 45 percent of recent college grads were living with their parents in 2011. While not nearly as high as the 85 percent figure cited by some news sources, this still represents a disturbing 13 percentage point jump over the number of boomerang grads in 2001.
It’s not hard to see why so many young adults are moving back home: Unemployment is high, wages are low, and many recent grads are having a hard time finding any jobs, much less work that pays well and uses their recently-acquired skills.
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