MOVING HOME AFTER GRADUATION? 5 TIPS FOR GRADS & PARENTS
Author of book "Boomerang Nation" Helps Grads and Parents Cope
Dateline: May 10, 2006 ... New York, NY
Contact Name: Kimberly Brissenden
Contact Phone: (212) 698-7643
Contact Fax: (212) 698-7695
E-Mail: Kimberly.Brissenden@SimonandSchuster.com
Web Address: http://www.boomerangnation.com
NEW YORK, NY - May 10, 2006 - Once the bags are packed, the diplomas
are handed out, and photo ops are long over, most grads expect to move
out on their own. But for many college seniors, that's simply not an
option.
According to the 2006 MonsterTrak survey, 48 percent of all students
will find themselves knocking on their family's door come graduation.
Additionally, 44 percent of last year's graduates are still living
with their parents. After all, with astronomical tuition costs, credit
card debt, and high cost of housing in major metropolitan areas,
what's a newly minted college graduate to do?
"While some boomerangers manage to avoid the pitfalls of moving back
home again, many don't adequately prepare themselves for the
practical, economic, and emotional realities of moving back in with
Mom and Dad," says Elina Furman, author of Boomerang Nation: How to
Survive Living with your Parents the Second Time Around (Fireside, May
10, 2005; .00) and a former boomeranger herself. "My goal is to
help grads realize than not only can they go home again, they can
survive and thrive there."
There are a myriad of challenges to deal with, including navigating
tense family dynamics, managing finances, dealing with privacy issues,
and dating. Furman offers these 5 tips:
1. SET A MOVE-OUT DEADLINE: Before you move in, make sure to set a
departure date. Otherwise, parents will be become frustrated and
graduates may become unmotivated to move out on their own.
2. DON'T LET THEM BABY YOU: Some parents ("perma-parents") don't want
their kids to grow up. If your parents try to baby you, show them
you're an adult by taking on household responsibilities like fixing
the computer or cooking dinner.
3. DON'T PUT YOUR LIFE ON HOLD: For boomerangers: make an effort to
get involved in local activities and meet new singles in your area
while living at home. Parents: carry on with your day-to-day
activities as you normally would or risk resentment setting in.
4. HAVE A GOAL: Saving for a down payment on a house, starting a
business, finding a job, eliminating debt _ these are all good reasons
to move back home. Parents and kids should discuss these goals and
work together to make them a reality.
5. PAY RENT!: Whether the boomeranger pays or 0 a month, it's
important that they contribute to the household. If parents feel
guilty accepting cash, invest the funds and present the money as a
gift once the kids are ready to move out.
About the Author: A nationally-known author, speaker, and media
personality, Elina Furman has written over 20 books, including
Boomerang Nation: How to Survive Living with Your Parents the Second
Time Around (Fireside, May 2005), The Everything After College Book,
and Generation, Inc.: The 100 Best Businesses for Young Entrepreneurs.
Furman has been interviewed on television and radio from coast to
coast, including The Today Show, Good Morning America, CNBC, and
Geraldo at Large. She has been frequently quoted in newspapers and
magazines, such as The Washington Post, Money, Cosmopolitan, The New
York Times, WSJ, and Newsweek. Furman lives in New York City. For
more information, visit the website at http://www.boomerangnation.com.
** If you wish to reproduce a photograph of the author and/or the book
jacket or cover, you can retrieve a high-resolution digital file at
http://resources.simonsays.com
###
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