Millions of Adult Children Move Back in with Mom and Dad

After college many graduates venture away from home to find jobs and start a new home. In 2012, 21.6 million adult children did the opposite and moved back in with mom and dad.

A recent pew study found that 36 percent of the nation's young adults ages 18 to 31 were living in their parents' home. That's the highest number in four decades. The study points to declining employment, declining marriage and rising college enrollment as the causes.

After graduating college, 26-year-old Sarah Carruthers moved back in with her parents.

"I made the decision to move back home, but it was also because I got this scary phone call saying you have to start paying your bills since it's sixth months past your graduation. I was freaking out," Carruthers said.

Carruthers planned to stay in Richmond, but the cost of her student loans was too overwhelming.

"I was barely making enough to survive," said Carruthers.

Student loans are crippling college grads nationwide. According to a College Board study, 60 percent of the class of 2012 graduated with debt, and the average debt was $26,500.

Carruthers now works four jobs to pay off her loans. She says she's happy she was able to move home to save money, and so are her parents.

"They even wish that all my other siblings could move back in almost like no of us ever left the nest," Carruthers said.

Her goal is to move out, but she has no immediate plans.

"I definitely want to move out one day, and be a lot more independent. Pay my own cell phone bill, auto bills, health insurance, I would love all that.

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