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Boomerang Kids On The Rise Essay

2481 words - 10 pages

A boomerang is an Aboriginal Australian weapon, shaped like a wide and rounded 'V', that was originally used for hunting. Over the years it has shifted from being a sharp tool to a plastic toy. It is similar to a single player version of Frisbee, except that when you throw a boomerang it hovers around and then returns to the place where it was thrown from. Aptly named, the 'boomerang kids' are young adults that, after leaving home for a few years, return home to live with their parents, just like a boomerang. The boomerangers include people from twenty-four to thirty-five years old, and most are fresh out of college with their newly earned degrees.
According to the U.S. Census Bureau there were about 4.6 million of these boomerang kids. This is about 40% of all people aged 24 to 35 who are living with their parents in the U.S. (Lank). The biggest increase in boomerangers, is among college students. A study done by collegegrad.com shows that in 2006 about 67% of all college graduates returned home. This is a huge portion of the college graduate population, but in 2009, that percentage rose to about 80% of all graduates (Zappe). This number has not only increased, but is expected to continue to increase at a significant rate. But why are so many young adults flocking back to their parents home not long after they have finally gotten their freedom?
Many do not have much of a choice. With the nation pulling itself out of a recession, prices are soaring, debt is piling up and jobs are harder to come by. In an interview done by the National Public Radio, they discuss college tuition with College Board's senior policy analyst Sandy Baum, who is the co-author of the 2008 report "Trends in College Pricing”. Baum, says that college tuition has increased about 7.6% in 2010, especially in the four year schools. Tuition and fees alone for a four year school average at about $7600 not including room and board (College). This increase in tuition has brought about an increase in college loans. More students are borrowing money, and according to a Pew Research Study  60% of graduates in 2008 borrowed compared to only 52% of graduates in 1996 ( Hinze-Pifer and Fry). And with an increase in student loans comes an increase in student debt. Students that are completing their undergraduate education are finding themselves in major debt. Students who graduated with a bachelors degree in 2008 have on average 50% more debt than the graduates of 1996 (Stafford).
Not only is it getting harder to pay off college because it is expensive, but it has also been harder for students to find a steady income. These students, although young and ambitious, are becoming more discouraged when they look at their chances of finding a good steady job, not to mention one in their preferred field of study. According to the Bureau of Labor Statistics, at the end of 2010 there was a 10% unemployment rate among 25 to 34 year olds in the United States (Unemployment 194). Although this...

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