By CLEMENTE LISI
Last updated: 7:48 am
July 3, 2008
Posted: 3:39 am
July 3, 2008
In another sign of the nation's economic downturn, a staggering 48 percent of recent college graduates plan to move in with Mom and Dad this summer after getting their diplomas, according to a new poll.
The Class of '08 - saddled with mounting student-loan bills and real-estate sticker shock - is not that different from the two previous graduating classes, according to the nationwide survey by MonsterTRAK, the student division of the job site Monster.com.
And homeward-bound grads who think moving back in with their parents is a temporary fix better think again. The poll found that while only 22 percent of 2007 college graduates expected to move back home for more than six months, 43 percent extended their stay and have yet to leave.
