True or False Quiz

1. Parents are now channeling about 10 percent of their annual household incomes to their young adult children (under age 25), regardless of their income level

2. Even in the late 1980s, evidence showed that about one-third of the costs of raising a child to the age of 18 came again as the child moved through the 20s.

3. New estimates suggest that 43 percent of young people between 25 and 34 would be in poverty if they weren’t living at home; living at home makes the rate only 9 percent.

4. There is much worry about the proportion of young adults who live with parents today, but in the decades before World War II, proportions were even higher.

5. About 30 percent of young adults between 25 and 34 today have a bachelor’s degree, and about 7 percent have graduate degrees.

6. Nearly half of students seeking bachelor’s degrees from four-year institutions will not graduate within six years of entering; after that, their chances of finishing are slim.

7. New estimates are that 30 percent of 9th graders today won’t graduate high school after 4 years; and for blacks, Hispanics, and Native Americans, it is an alarming 50 percent.

8. Unemployment (November 2010) for those 20 to 24 years old is about 17 percent.

9. Today, the typical college graduate with debt from a public university leaves school owing $20,000.

10. The economic “return” to those with a college degree has doubled since 1975.