Hope and change, baby. Elections have consequences. Wooooot!
Goodbye jobs, hello mom and dad, say young adults - Yahoo! News:
"Among 16- to 24-year-olds, less than half, or 46.1 percent, are currently employed, the smallest share since the government began collecting such data in 1948. At the same time, a record high of about 11.5 million Americans ages 18 to 24, or nearly 40 percent, attended college in October 2008.
'Boomerang kids are a major trend, and they represent a shift in cultural norms,' said David Morrison, president and founder of Twentysomething Inc., a marketing and research firm. 'Young adults are the first to feel the brunt of a bad economy and the last to feel the benefits of a recovering economy. So the first way you hedge your bets is to minimize your expenses.'
Saying there is now less of a stigma in moving back home, Morrison predicted that the trend of boomerang kids may lessen somewhat but still continue after the economy recovers. That could create longer-term ripple effects in social relationships, from multigenerational family tensions to delayed marriage, he said."
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