What do the college graduates who can't find jobs do?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't understand the moving back home thing, at all.

My oldest just finished to a top public u and all of her friends were offered $5k 7.5k or 10k signing bonuses. Some of the computer science grads were offered even more. With $5k-10k cash in their pocket, plus weekly $1k net income, why would a kid ever need to live with parents?

It shouldn't even be on the table imo.

I'm surprised you are asking this question. Don't you think that some graduates don't earn that much money? The original question on this thread was what do you do if your can't find a job after graduation... that would mean that the graduate doen't have a job and is not earning the kind of money you describe above. So why on earth, if a kid could live at home and not spend money he doesn't have, wouldn't that be an option?

+10000 many people are so narcissistic

1k weekly NET income? So they are making 95k a year right out of college. You are delusional that is far far far from the norm.

[Anonymous]

Anonymous wrote:So obviously, the college graduates who do land jobs in their field typically share a 1-bedroom apartment with 4 or 5 roommates. But what about the ones who are jobless? Living with one's parents past the age of 21 is pretty uncool, so we can toss that possibility to the side. I'm guessing that most of them either settle in rehab centers, homeless shelters, crash at other friends' houses, or live with a significant other who is willing to provide for them.

Homeless shelters LOL. This board is entertaining today.

Don't forget the grads who live in their cars, op.

[Anonymous]

We have three kids, and it took a little while for each to get a full-time job, but all are doing well now. Two lived at home for a year after college and the youngest is in her second year year living at home. Since we live walking distance of the metro, it just makes sense. There is very little stigma of doing this among their college friends or our family friends, as they realize how much rent they save while having better amenities. The only thing is that they attended a private school and there very few of their high school classmates who live at home. Most who are not doing something corporate are being subsidized by the bank of mom and dad.

[Anonymous]

Anonymous wrote:We have three kids, and it took a little while for each to get a full-time job, but all are doing well now. Two lived at home for a year after college and the youngest is in her second year year living at home. Since we live walking distance of the metro, it just makes sense. There is very little stigma of doing this among their college friends or our family friends, as they realize how much rent they save while having better amenities. The only thing is that they attended a private school and there very few of their high school classmates who live at home. Most who are not doing something corporate are being subsidized by the bank of mom and dad.

Important point, lol. Many of my daughters friends are doing things like legislative assistant and I used to wonder, how TF do you afford that $3K apartment in Logan Circle? You can’t be making more than $50K/year. But then the answer becomes pretty obvious.

[Anonymous]

I graduated from college in 1988. I worked on the Hill. My first job paid ($35,000 in today's dollars) and had a weekend job working at a men's clothing store that brought in extra money. I had a room in a group house with one other guy and two women. I paid $650 per month (about $1300 in today's dollars). It was a great time, socially and I did like the work. Eventually, I left for "bigger and better things." Flash forward now thirty years and I have a job paying six figures, I'm happy, married with kids and generally satisfied with my life. I was not from DC, but if my daughter wanted to follow the same path, she would be welcome to live at home. My work requires me to be overseas, so she would be welcome to rent out the other bedrooms in the house, as long as there is a place for me when I am home.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How does someone who has decent grades and has worked every summer not have a job lined up by the August prior to graduation? Or at the very latest the fall on-campus career fair, so Oct-Dec.?

Even worthless degrees will get you offers with summer experience and a decent GPA. Polished appearance is always a bonus.

The above diatribe is patently untrue to today's college grads.

Competition is fierece. Many good jobs are offered to foreigners instead of the citizens. Summer jobs are few.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have three kids, and it took a little while for each to get a full-time job, but all are doing well now. Two lived at home for a year after college and the youngest is in her second year year living at home. Since we live walking distance of the metro, it just makes sense. There is very little stigma of doing this among their college friends or our family friends, as they realize how much rent they save while having better amenities. The only thing is that they attended a private school and there very few of their high school classmates who live at home. Most who are not doing something corporate are being subsidized by the bank of mom and dad.

Important point, lol. Many of my daughters friends are doing things like legislative assistant and I used to wonder, how TF do you afford that $3K apartment in Logan Circle? You can’t be making more than $50K/year. But then the answer becomes pretty obvious.

+1 yep

[Anonymous]

Anonymous wrote:There are not a lot of recent four-year college graduates in homeless shelters, lol. Also, you do not settle in a "Rehab Center" because you can't find a job, unless you have a serious addiction problem.

Also the ones who find jobs are not "typically" sharing a place with four or five other people. Not only is that illegal, I've never seen recent grads pack that many people into a space.

You have a very grim view of post-college life. I suggest you see how people actually live.

Are you from DC? Group houses post colleges are extremely common.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have three kids, and it took a little while for each to get a full-time job, but all are doing well now. Two lived at home for a year after college and the youngest is in her second year year living at home. Since we live walking distance of the metro, it just makes sense. There is very little stigma of doing this among their college friends or our family friends, as they realize how much rent they save while having better amenities. The only thing is that they attended a private school and there very few of their high school classmates who live at home. Most who are not doing something corporate are being subsidized by the bank of mom and dad.

Important point, lol. Many of my daughters friends are doing things like legislative assistant and I used to wonder, how TF do you afford that $3K apartment in Logan Circle? You can’t be making more than $50K/year. But then the answer becomes pretty obvious.

+1 yep

Wrong. Parents of any means would help the 22 yr old buy the Logan Circle condo. Because we despise inflated rents payments and no equity growth.
But funny the moms who help adult children by allowing them to live at home (no problem) but are all if other parents help their adult children by setting them up to start building some equity. One’s the M&D Bank and the other is not? Ok.

[Anonymous]

"Many grads go to school for degrees that aren't needed. That is a problem. Yes, it may be your passion but it might not get you the $$."

The small group that studies a subject they are passionate about really don't have a problem.

If it truly is their passion, then they have spent their lives to that point, doing whatever is necessary to allow them to do it.

More likely, it is called a passion because they think telling others it is a passion gives them an excuse.

Actually, very few GO to school for degrees that aren't needed. I will admit may FINISH school with degrees that aren't worth much.

Lots of students START as engineers or business majors or nursing majors or undecided. All of those are very useful but all of them are difficult in one way or another.

Take undecided for example. The point is to figure out what you want to do THAT IS NEEDED.

After 18 years, you either have a pretty good idea or you are looking for some fantasy that doesn't exist.

Trying to change that in 4 to 9 or even 21 months is hard and often leads to searching the course catalog for the closest degree to the list of AP and college courses you have taken.

Since it is "obvious" that it is better to be looking for a job with a silly degree rather than with just a list of silly courses a few credits short of a degree, students do FINISH school.

So they have FINISHED but have done NOTHING about their undecided problem.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have three kids, and it took a little while for each to get a full-time job, but all are doing well now. Two lived at home for a year after college and the youngest is in her second year year living at home. Since we live walking distance of the metro, it just makes sense. There is very little stigma of doing this among their college friends or our family friends, as they realize how much rent they save while having better amenities. The only thing is that they attended a private school and there very few of their high school classmates who live at home. Most who are not doing something corporate are being subsidized by the bank of mom and dad.

Important point, lol. Many of my daughters friends are doing things like legislative assistant and I used to wonder, how TF do you afford that $3K apartment in Logan Circle? You can’t be making more than $50K/year. But then the answer becomes pretty obvious.

+1 yep

Wrong. Parents of any means would help the 22 yr old buy the Logan Circle condo. Because we despise inflated rents payments and no equity growth.
But funny the moms who help adult children by allowing them to live at home (no problem) but are all if other parents help their adult children by setting them up to start building some equity. One’s the M&D Bank and the other is not? Ok.

You are out of touch. Most people cannot bankroll their adult kids at this level.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have three kids, and it took a little while for each to get a full-time job, but all are doing well now. Two lived at home for a year after college and the youngest is in her second year year living at home. Since we live walking distance of the metro, it just makes sense. There is very little stigma of doing this among their college friends or our family friends, as they realize how much rent they save while having better amenities. The only thing is that they attended a private school and there very few of their high school classmates who live at home. Most who are not doing something corporate are being subsidized by the bank of mom and dad.

Important point, lol. Many of my daughters friends are doing things like legislative assistant and I used to wonder, how TF do you afford that $3K apartment in Logan Circle? You can’t be making more than $50K/year. But then the answer becomes pretty obvious.

+1 yep

Wrong. Parents of any means would help the 22 yr old buy the Logan Circle condo. Because we despise inflated rents payments and no equity growth.
But funny the moms who help adult children by allowing them to live at home (no problem) but are all if other parents help their adult children by setting them up to start building some equity. One’s the M&D Bank and the other is not? Ok.

You are out of touch. Most people cannot bankroll their adult kids at this level.

Didn’t say “most,” said parents with the means might do so. But you missed the point. Why be all “it’s so wonderful we can help our have our adult children and allow them to live at home and save some rent $” and then roll eyes at the other families where you suspect the parents help adult children get places of their own a la “bank of M&D”? Just continue to do what’s best for your family and stop with all the side eye at what others choose to do.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have three kids, and it took a little while for each to get a full-time job, but all are doing well now. Two lived at home for a year after college and the youngest is in her second year year living at home. Since we live walking distance of the metro, it just makes sense. There is very little stigma of doing this among their college friends or our family friends, as they realize how much rent they save while having better amenities. The only thing is that they attended a private school and there very few of their high school classmates who live at home. Most who are not doing something corporate are being subsidized by the bank of mom and dad.

Important point, lol. Many of my daughters friends are doing things like legislative assistant and I used to wonder, how TF do you afford that $3K apartment in Logan Circle? You can’t be making more than $50K/year. But then the answer becomes pretty obvious.

+1 yep

Wrong. Parents of any means would help the 22 yr old buy the Logan Circle condo. Because we despise inflated rents payments and no equity growth.
But funny the moms who help adult children by allowing them to live at home (no problem) but are all if other parents help their adult children by setting them up to start building some equity. One’s the M&D Bank and the other is not? Ok.

But it costs me very little to have DC live at home. Some extra food maybe? She doesn’t drink so not even alcohol. She pays for car, doctor visits, clothes and personal care items, etc. And we travel a lot so have saved money on dog boarding because DC can handle the dog. If I had to pay DCs rent it would cost me far more. I have the means to do that but I don’t see the need to spend money that way.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So obviously, the college graduates who do land jobs in their field typically share a 1-bedroom apartment with 4 or 5 roommates. But what about the ones who are jobless? Living with one's parents past the age of 21 is pretty uncool, so we can toss that possibility to the side. I'm guessing that most of them either settle in rehab centers, homeless shelters, crash at other friends' houses, or live with a significant other who is willing to provide for them.

Homeless shelters LOL. This board is entertaining today.

Don't forget the grads who live in their cars, op.

Personally I preferred a tent city under an overpass.

[Anonymous]

LOL you don't just "settle" into a rehab center, OP because you cannot find a job. It doesn't work that way. And cramming 5-6 ppl in a one bedroom is rare and illegal--I've never seen that. At most, you get two people in a divided 1 BR. Get in touch with reality.

Moving back home is fine and mostly depends on one's relationship with parents and where they live. My parents lived in a bumfuck small town so no way, but if they had a place in a big city near jobs I would have considered it, even with a good job and salary to save money the first year or .