Thursday, October 23, 2008

Adultolescence


Everyone knows the pain and awkwardness of adolescence: the squeaky voices, the raging hormones, the new feeling and power that comes with wearing a bra for young girls. but there is a new phenomenon that is sweeping the nation: adultolescence. More and more young adults are graduating from college and returning to live with their parents, while remaining financially dependent on them. With the high costs of food, gas, and housing, as well as the staggering amount of student loans that burdens young adults today, who can blame them? It is sad to say that the cost of living greatly overwhelms the starting salary for a recent college graduate. With the job market getting worse, this trend will likely continue. A recent article in the Wall Street Journal entitled "The Next Bailout:Your Adult Children" addresses this very issue. Parents are having to support their children well into adulthood, often helping them with things like buying a house or car.


Is this trend a good or bad thing? Does it prevent young adults from growing up and facilitate dependence on their parents? Is it just parents wanting their children to save money and live debt-free? Is it a group of spoiled young adults? Perhaps it is all of these.

No comments: