A new survey finds a shocking 85 percent of new graduates are moving back in with their parents. From Time:
The kids are coming home to roost.
Surprise, surprise: Thanks to a high unemployment rate for new grads, many of those with diplomas fresh off the press are making a return to Mom and Dad’s place. In fact, according to a poll conducted by consulting firm Twentysomething Inc., some 85% of graduates will soon remember what Mom’s cooking tastes like.
The sorry economic conditions for the young and educated could have political implications for President Obama who depended on this age group in the 2008 election to not only come out and vote for him but also work as volunteers on the campaign.
I imagine it is very tough to be filled with a lot of “hope” and believe Obama will eventually bring “change” when you are still living with your parents, struggling to find a decent job and buried under a mountain of student loans.
It is unlikely young voters are going to start voting overwhelmingly for the Republican nominee, but if their current economic struggle leave this younger demographic politically disengaged and they simply don’t turn out to vote, that could easily change the outcome of close elections up and down the ticket.