Many parents are hurting their college graduates by destroying their independence as they return home. The majority of recent studies have shown that many college graduates will opt to move back home. Consequently, many parents will find themselves helping them financially. As millions of Americans battle economic hardship, Dr. Daryl D. Green explains what can be done to deal with this pressing matter for frustrated parents with adult children.
Due to the economic crisis, there is a massive exodus of adult children returning home to their parents. According to 2009 poll by CollegeGrad.com, 80% of college graduated moved back home with their parents after graduation. New research by Patrick Wightman at the University of Michigan noted that more than 62% of young adults get financial help from their parents at an average of $12,185. Additionally, over 22% of parents assist their adult children in various ways, including paying their bills or rent. Parents, who serve as financial supporters for their children, may be hurting them.
Dr. Green has done extensive research on cultural issues impacting today’s leaders. His last book, Job Strategies for the 21st Century, has been rated number one on Amazon.com. Dr. Green notes, “Giving an individual financial assistance without any accountability goes beyond common sense. Yet, we parents will do this same action with our own children when we know the long-term consequences.” Dr. Green can recite a number of situations where these enabling actions of parents have damaged their children. Some people argue that parents who finance their adult children with no limitations have fueled this “Entitlement Generation.”
Dr. Green argues for parents making the hard decision of setting financial limits on their adult children. This process will allow their adult children to deal with their own financial situations, even if it means hitting the proverbial ‘rock bottom.’ Dr. Green continues that today’s parents are fostering adults who cannot survive under the future economic crisis. The unintended consequences are adult children who can’t cope under pressure.” Dr. Green suggests that parents set their expectations upfront with their adult children to ease miscommunications.
Job Strategies for the 21st Century is available online at Amazon.com and other book retailers. You can also view the book trailer on Youtube.com at http://www.youtube.com/watch?v=f_LKEMrIweA . For more information about the book or the author, please contact Donna Gilliard at 865-216-9209 or visit him at www.darylgreen.org. Dr. Green is available for media interviews.
About the Expert
Dr. Daryl Green is a management strategist and nationally-recognized author who has been noted and quoted in major media outlets, including USA Today, Associated Press, Ebony, and BET. He is an adjunct professor at Lincoln Memorial University, and a former faculty member at Knoxville College. Green has spent more than 20 years assisting organizations and individuals with making good decisions.