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Why so many grads 'fail to launch'
MSN Money ^ | Monday, April 03, 2006 | MP Dunleavey

Posted on 04/14/2006 6:44:37 AM PDT by Panzerlied

Many 20-somethings find themselves moving home to live with Mom and Dad, just like the movie 'Failure to Launch.' Blame it on the inertia -- and some very real challenges.

(Excerpt) Read more at moneycentral.msn.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: careers; graduates; jobs; quarterlifers
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To: Panzerlied

I recruit Science and Engineering majors....and some of the issues you typically run across are:

- I only want to work someplace cool (near the beach, hot, happening town with lots of funky nightlife, large dating pool with endless recreational activities, etc.)

- I want to work only for an employer who is sufficiently
"Environmentally and Socially Responsible" (whatever THAT means!)

- I want the same starting salary as people who have been in the business for 10 to 20 years.

- I want a raft of vacation time, sick, personal, holidays, long weekends, flex time, work from home, etc.

- Don't tell me to put on a tie, or take off the jeans, shave, get a haircut, or wear shoes to the office

- I want to to work in a fun office that has video games, ping-pong tables, cappacino machine in the lunchroom, or anything else to distract me from performing actual work.

- Prove to me that you offer every possible protection and preference for my particular protected color/race/sexual preference group.

- I want to be promoted to my boss' level or higher within the first 24 months

If what you have to offer is a typical 9-5 position at a starting salary in Cleveland or Rochester someplace, 18 of of 20 candidates will turn it down out of hand. They'd rather live at home with Mom and Dad until all of these demands are met. Spoiled brats!


81 posted on 04/14/2006 8:49:36 AM PDT by Buckeye McFrog
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To: Starwolf

I would like my daughter to stay at home when she graduates too, but it's not going to happen. We had my husband's son with us for years after he graduated and I hated it. He didn't contribute anything toward his stay there. I didn't want money, but I did want help around the house and a feeling that he was a part of the family. He now lives with his 87 year old grandmother and still doesn't help contribute--time or money. He's a moucher. I've told my daughter the same. She can stay but must be a part of the family. She wants to leave. She could save money to help buy her own place if she would. All kids are different.


82 posted on 04/14/2006 8:50:20 AM PDT by twigs
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To: rhombus

It's because the feds and the state have jacked up the number of regulations that colleges have to comply with to get state and federal funding, and those take man hours to deal with. The amount of middle management at the university level to deal with financial add and research grants are staggering, you'd never believe it unless you saw the org charts. This past year, I understand that the local university has 30% cost increases on all heating and power costs. That's a couple of million just to power computing and keep the lights and heat on in all of the billion.. As most state governments are keeping costs the same, and adding regulations that need to be complied with and monitored, of course costs are going to increase.


83 posted on 04/14/2006 8:55:51 AM PDT by ThinkPlease (Fortune Favors the Bold!)
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To: RayChuang88

And what about lettuce picking? John McCain is offering $50/hr for anyone willing to commit to an entire season of picking lettuce in Yuma, Arizona!


84 posted on 04/14/2006 8:56:58 AM PDT by armydoc
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To: twigs

Good for her. And for you. Sounds like she's going to turn out just fine.


85 posted on 04/14/2006 8:59:49 AM PDT by Philistone (Turning lead into gold...)
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To: armydoc

...well, it is reasonably close to a beach...and I guess a tie and shoes WOULD be optional....


86 posted on 04/14/2006 9:00:23 AM PDT by Buckeye McFrog
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To: rhombus

The colleges also accept a huge number of students who have no qualifications except the money to pay. These kids are used to gliding past in high school. When they go to college, they flunk out in droves. The colleges laugh as they take the money to the bank.


87 posted on 04/14/2006 9:01:19 AM PDT by RobbyS ( CHIRHO)
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To: Sooth2222

Actually, English majors --those who can actually write--find employment. As one can tell by reading what we put up here, good writers are rare.


88 posted on 04/14/2006 9:02:49 AM PDT by RobbyS ( CHIRHO)
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To: Future Snake Eater
Some more inspirational pictures
89 posted on 04/14/2006 9:02:52 AM PDT by PatoLoco
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To: xrp
I myself paid off $7,000 in post-college credit card debt in about 15 months while earning $28,000/year.

Good for you, congrats and well done. A few more could learn from your example. I'm 50 and still look for ways to cut back when I need to manage my money and improve my situation. The ethic instilled in you will last a lifetime and you'll do well.

90 posted on 04/14/2006 9:03:10 AM PDT by RightWingRadio
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To: Panzerlied

My niece is graduating this June with a degree in political science. What the heck is that? No wonder she's coming home after graduation to live with mom.


91 posted on 04/14/2006 9:03:39 AM PDT by itsinthebag (E)
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To: Disturbin

Many Europeans, and 19th Century Americans, live with family until they married (sometimes after). There is something to be said by having that support groups and economy of scale.

And there is something to be said for getting the hell out of the nest.


92 posted on 04/14/2006 9:05:18 AM PDT by Dead Dog
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To: Panzerlied
Waa, waa, waa...maybe if they didn't walk off campus expecting a Lexus and 60k to start they'd be employed. Life's a b**ch ain't it?

Attitude will get you much farther than talent or a mindful of fresh college mush. When you come to me looking for a job you'd better display a willingness to learn, manners and a healthy respect for the fact you know nothing about life yet. I might look at you then.

93 posted on 04/14/2006 9:07:53 AM PDT by RightWingRadio
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To: Panzerlied
I love these threads. It's usually a bunch of older people who graduated in the 60s talking about those damned lazy youngsters. In reality, they didn't graduate into a world where 50% of your income gets eaten up by taxes in some form, student loans mean you owe 8 million dollars for four years of bloated college tuition, and employers are bringing in H1Bs from other countries who will work for much less.

Then you turn around in a couple of years and you only got a 1.5% raise for breaking your back and you're worse off than when you started.

This isn't my situation. I moved out permanently pretty much right after grad school, but my parents did help me out for a couple of years, and I felt really guilty about it. I thought I had done something wrong, lack of drive, wrong career field or something. But then I looked around and saw possibly 50% of people my age getting help from their parents at age 28 or so, and I looked at the situation. And it pissed me off a bit, especially when I come on these threads and see older people who had a completely different situation judging, judging, judging.

But don't let me interrupt your "these damned lazy kids" fun. I know we didn't have to walk 16 miles uphill both ways to school and work 16 hour days in the coal mine at age 6 like some of you.
94 posted on 04/14/2006 9:10:19 AM PDT by mysterio
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To: meyer
This gets me - why on earth does it cost so much to sit in a classroom, listen to a professor drone for 2 hours, and take the occasional test? There's got to be a cheaper way to get this done, especially given the results highlighted in this article.

The dirty little secret is that it costs almost nothing on a per-student basis, given the number of students shoehorned into an average class. College tuition mostly goes to non-academic purposes from which the student paying it sees no benefit.

95 posted on 04/14/2006 9:11:01 AM PDT by thoughtomator (That new ring around Uranus is courtesy of the IRS)
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To: Panzerlied

Lame. My children are all moving out, permanently (to college, and then to their own rented apartments or whatever after that) when they are 17.

There are 6 of us now living in a 4 bedroom 2000 sq ft house; my husband and I want their bedrooms! We want an office, an exercise room, a guest room, maybe even a home theater. Wow, the possibilities are endless.

In 8 years the first one moves out--he CAN'T move back in; his room will be gone!


96 posted on 04/14/2006 9:14:36 AM PDT by olivia3boys
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To: Just another Joe

Maybe she wants to be on "Dancing with the Stars".


97 posted on 04/14/2006 9:16:45 AM PDT by MissEdie
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To: Sooth2222

More options: work for a non-profit organization, or work for the government!


98 posted on 04/14/2006 9:17:10 AM PDT by olivia3boys
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To: Pessimist

OMG! You just made me choke on my tuna salad! That is just way to funny (and probably very accurate too)!


99 posted on 04/14/2006 9:21:19 AM PDT by MissEdie
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To: Panzerlied

When a little bit older friend of mine moved out of his home in the 70's.. he made 7$ an hour at an lighting shop. His rent was 160$ a month two blocks from the ocean in an apartment.

Today the exact same apartment still there, is 1200$ a month, and the same type of job is 10$ an hour. So before it was 25 hours work a month for the apartment.. today 120. Keep in mind this is in a no-growther democrat city.


100 posted on 04/14/2006 9:32:08 AM PDT by ran15
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