As a 24-year-old trying to make ends meet, having a roommate is important financially. That’s why I’m so happy that I have two of them.
They’re both very different however. One is more straightforward with thoughts and feelings, while the other is more sensitive and wants me to think my decisions through more carefully.
Both personalities of each roommate are how I feel I have been shaped at this point in my life as far as my own personality is explained. Although both are different, I have very supportive and caring roommates who I know would do anything they could to help me succeed.
Now that you’ve met my parents, let me get to the point. Yes, you read correctly. I live with my parents. I’m a 24 year old successful college graduate with a full-time job and a head full of goals and plans, but I do still live at home. It wasn’t until Monday morning that I became aware that there was a name for people like me.
Hello, my name is Elyssa Parnell and I am a member of the Boomerang Generation.
The Today Show on Monday referred to the Boomerang Generation as a growing group of young adults, ages 20-30 that are currently living with their parents, even after graduating from colleges and universities. Whether it was the tough economic times or the inability to find jobs, the number of “boomerangs” has moved from one in five young adults to one in 10 who are living with their parents.
Kevin and I joke here in the newsroom that we want to open up a reporter’s cottage to share expenses and all live together with the common goal of eventually having our own places. All jokes aside, I am thankful that my reasoning for living at home is not because I do not have a job. I know being a reporter is not the only professions in which times can be tough.
The segment on the show continued by interviewing several young adults who had received college degrees, but were unable to find jobs in their studied fields. One was of a girl, 27, who worked three part-time jobs because she was unable to get a job in the field of marine biology, which was her passion.
Although she realized she could be making similar amounts of money babysitting, she said living with her parents seemed like a smart option.
The statistic used said about 45 percent of young adults are graduating from college with outstanding amounts of student loans, another reason for choosing to move back in with Mom and Dad.
“I don’t feel like a failure, I just accept that that’s how it is,” one interviewee told The Today Show.
Although the opinions on this matter vary, mine is plain and simple. I feel like the choice for me to continue to live at home after college was one of the smartest ones that I could have made financially. Not only am I saving money, but I’m using this time to focus on how I should be budgeting each paycheck so that when I am out on my own, I have a better understanding of how much money I need to save for the future.
Family psychologist Jen Hartstein was interviewed on the show and said that for young adults the decision to move back home is hard, because although they want to feel like individuals, it’s really hard psychologically because they want to move out and be on their own, but can’t.
“There needs to be more economic support,” Hartstein said.
Hartstein’s suggestion was that young adults and parents need to communicate before becoming “roommates” so there are no misunderstandings from either party about what is expected such as the right to no longer have a curfew.
I’m fortunate that my parents don’t expect me to “check in,” although I usually do out of pure consideration because after all, they are letting me stay in their house. My advice for you other Boomerangs out there is to do what is best for you to make smart financial decisions. Good luck!