Coastal Post Online

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October 2000

Sixty Percent Of College Graduates Plan To Live At Home


Over 60% of college students plan to live with their parents after graduation according to the results of a survey released in August by JOBTRAK.COM, the nation's leading online job listing service for students and alumni.

More than 1,000 college students and recent graduates responded to the question, "How long do you plan to live with your parents after graduation?" Following are the findings: 0 months 39% 1 to 6 months. 26% 7 months to 1 year. 11% More than a year. 24%

"These results are part of a growing national trend where students, despite their claims and desires to be independent, return to the security of the home nest," Said Richard White, Director, Career Services Rutgers University-New Brunswick. "Recent graduates are probably not quite as independent as presumed to be."

"I have observed that students seem to be graduating from college with more and more debt, said Ryan Tucker, Director, Governor's Intern Program. "The cost of a college education rises at a rate much higher than inflation and cost of living, and to get a good education students are having to borrow more and more money causing them to want to live at home after graduation to save money."

Ken Ramberg, Co-founder of JOBTRAK.COM commented, "Very few college students believe that they'll be able to count on Social Security checks when they retire. Even though new grads are receiving higher salaries than ever before, I think we're seeing a strong motivation on their part to pay down their debts and begin accumulating savings."

Methodology

Over 1,000 people voted in the survey posted on the home page of www.jobtrak.com. Based on JOBTRAK.COM tracking reports, the majority of the traffic at www.jobtrak.com comes from the .edu domain (which shows people are surfing from their university computers). About JOBTRAK.COM

JOBTRAK.COM is the dominant player in the college job listing and resume markets. The company has formed partnerships with and provides private-label, co-branded job listing and resume databases for more than 1,000 college and university career centers, alumni associations and MBA programs nationwide.

More than 400,000 employers have utilized JOBTRAK.COM to target college students and alumni for internships, full-time and part-time employment opportunities, and, in 1999, more than 300,000 job listings representing over 900,000 job openings were posted on its site. JOBTRAK.COM has in excess of 50,000 visits to its web site daily from job-seeking students, graduates and experienced professionals. In 1997, 1998 and 1999, JOBTRAK.COM was rated the most-visited, college-targeted career site on the Internet by Student Monitor, LLC. www.jobtrak.com

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