University of ArizonaNorton School of Family and Consumer Sciences

Why 50% Of College Graduates Need Help From Mom And Dad

Father’s Day has come and gone, but many Dads are wondering when twenty-something son or daughter is going to get off the family dole. Despite an improving jobs picture, a Fed-juiced bull market, and a booming domestic energy biz (goosed even more by ISIS-sparked troubles in Iraq), new research suggests that recent college grads just aren’t making ends meet as well as preceding generations.

Though the Pew Research Center found that recent college graduates earn more than $17,500 annually than their non-graduate peers, the latest installment of an ongoing University of Arizona study finds that more than half of those graduates require financial support more than two years after college. Moreover, 50.6% of college graduates surveyed say they rely on financial support from family members, including almost half of those who are employed full-time.

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News Contact: 
Dr. Joyce Serido
Contact Email: 
aplus@email.arizona.edu
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