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Study: Student Debt Not the Cause of Adult Children Living with Parents
"CONCORD, N.H. (AP) — While both college debt and the “boomerang” phenomenon are growing, a new study casts doubt on the notion that staggering student loans are driving young adults back to their parents’ doorsteps.
In the past decade, student debt has doubled, with the average 2015 college graduate owing $30,000. The rate at which young adults “boomerang” also is increasing — recent studies report that between 20 and 50 percent are returning home. Many assume the former causes the latter, but Jason Houle and Cody Warner — assistant sociology professors at Dartmouth College and Montana State University, respectively — found the opposite.
Their study, published Thursday in Sociology of Education and based on annual surveys of more than 5,000 people born between 1980 and 1984, found that so-called boomerangers had less student loan debt than young adults who didn’t return home.