Your Guide to Moving Back Home After College
The future beyond graduation is uncertain, and it’s because of this uncertainty that recent grads often end up moving back home after college and taking the time necessary to figure out their next step. In fact, according to the Bureau of Labor Statistics, roughly 54% of young adults move back home at some point after moving out for the first time. So if you're considering living at home after college, you're not alone.
A 2019 survey indicated roughly 50% of millennials plan to move back home after college and stay for at least two years, with most being allowed to do so rent-free. Nearly one in five millennials say they've delayed adult milestones, such as moving out on their own, because of their student loan debt. For many college grads, moving back home provides an opportunity to save money and to start paying down that debt while looking for the best job possible, instead of clinging to the first paycheck opportunity that might come their way.
And with the novel coronavirus pandemic disrupting post-college employment options for many recent graduates, a temporary decision to move back home is probably the game plan for a growing number of people.
While moving back home after college is becoming the norm, making the transition from dorm life back to home life can still be difficult. This guide offers tips for how to move home after graduation, as well as how to make the most of your time there, so you're able to successfully launch a new, post-grad life and career.