The time after graduation is supposed to be fun and exciting, but for those who won't be fully independent it's just one awkward conversation after another.
People love to ask recent grads "What are you doing after graduation? Do you have a job lined up?" And if you don't this turns into an encounter you'd rather not have. The stigma behind moving back home after college has nearly been removed, with so many millennials currently still living with their parents. In recent years, more recent graduates have lived with their parents than in any other living arrangement. In 2014, only 14% of 18-34 year olds were living alone or with a roommate, and 32% were living at home with their parents - outweighing those who living with domestic partners and spouses.
"There isn't that same pressure to move out as quickly," said Tara Sinclair, chief economist for Indeed.
Recent college grads shouldn't have to feel insecure about living with their parents after they graduate, because although that s technically adulthood, you're just starting out. You don't have any credit, experience or money saved up. Moving back home definitely has its' benefits.
Here are four benefits of moving back home after college graduation:
Save Money - If you're going to be staying with your parents after you graduate, the number one benefit that can come from that is the one by you'll save. You never realize how much the small things cost until you have to pay for them yourself. Even if you aren't in your dream job, you can still save a lot towards your future independent lifestyle.
Rebuild credit - Having no credit is just as bad as having no credit. Not having to pay for certain expenses can allow you to open a credit card or pay your student loans to build your credit. When you do decide to finally move out on your own, you'll have a decent credit score to get the apartment or car you want.
Find direction and clarity - If you are unemployed, take this time to try new things and figure out exactly what you want to do. Volunteer at local non-profits or freelance for people you know. Take this time to truly develop your skills and refine your job search strategy. There's no sense in rushing into a job that you'll end up leaving in a few short months.
Slowly transition into adulthood - If you don't want to just live off of your parents, use this time as a learning experience. Have your parents charge you rent for your room, and pay your share of the utilities. This way you understand how to pay bills in a home before you get your own, without having to learn the hard way.
One thing we always know for sure, is that we can always go back home.
In a "What shaped you?" segment on hit talk show The Real, co-host Adrienne Bailon speaks about the break up of her girl group 3LW, and how that shaped her views and perceptions of failure.
“When you grow up and you have dreams and goals and you tell yourself you’re gonna go for them, I went for my dreams and actually made it into a girl group called 3LW. I don’t know if people remember 3LW. Loved that group…ummm…but at some point that started falling apart for us. And I remember having to go back home. I had like been on TRL and done things before and I was really proud of that success. But I remember when I thought it was over and I remember just feeling like, ‘Well then I guess I’ll just go home.’ Right, like, but feeling a little embarrassed and like a failure. Like it had been a failure. But that moment in my life taught me so much. Going back home and even though other opportunities came years later, at that point you don’t see that. You just think it’s over. That like, this is it. This is the end of my career. I won’t go anywhere else with it. And the crazy thing about learning to go home, is that I’m OK with going home.”