Tuesday, November 2, 2010

They Call Our Gen Y Generation... The Boomerangers

Boomerang Kids: 85% of College Graduates Move Back Home



That's what they're calling our generation.  We go to college, and come right back home.  As you will find out, this isn't true for everyone.  Many of the top students will go on and get great jobs out of college, and that's great!  But, if you aren't at the top of the class, or at a prestigious university, is it always the right decision?

Let me give you a few excerpts from this article...

"nearly 15% for those ages 20-24 -- has made finding a job nearly impossible. And without a job, there's nowhere for these young adults to go but back to their old bedrooms, curfews and chore charts. Meet the boomerangers. "

"...so hard that a whopping 85% of college seniors planned to move back home with their parents after graduation last May, according to a poll by Twentysomething Inc., a marketing and research firm based in Philadelphia. That rate has steadily risen from 67% in 2006."

"..."It's peaking at levels we have not seen before," said David Morrison, managing director and founder of Twentysomething."

 I'm HAPPY with my decision to go to college, but, I'm starting to believe it's not for everyone.  There's only a finite number of jobs that actually need the skills of a college degree. So, with millions and millions of fellow students flocking to college in hopes that it's the ticket to success with a high-paying job, and a happy life, maybe we should think again.  The decision becomes even more clouded when you consider tacking on $10,000, $20,000, $50,000, or even $100,000+ in debt.  For some students, that's not an issue.  But, what about for the ones that it IS an issue?


Trust me, I also understand and can relate to the pressure.  If you come from a middle-class, fairly well-to-do family, it's almost expected that you go to college, quite frankly.  People think of you as a "slacker" or someone with "no ambition" should you even think about not going to college.


I'd like to share with you a video on a short news segment.  It's John Stossel and, if I may say, he's awesome.  For the most part, he tells it like it is, and gives some really thought provoking stories.

So, who should go to college, and how to benefit the most from it?

Personally, after watching this video, and pondering on the subject, I think those that are either:

a. Exceptionally Gifted Intellectually
b. Can go to college without much debt

other than that, you may be wasting your time.  In addition, I'd like to add that I believe college is just as much about making connections and friends, and developing yourself in areas outside of school, as it is the school books. At the end of the 4 years, does it really matter whether or not you have a 3.15 GPA or a 3.55?

Again, if you have a high GPA (like top 10%) from a semi prestigious school, then yes GPA does matter. This video is great!

 

Let Freedom Ring!
B.

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