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Empty-Nest No More: 64 Percent of College Students Plan To Live with Their Parents after Graduation
MAYNARD, Mass.--(BUSINESS WIRE)--May 27, 2004-- With the 2004 college graduation season in full swing, one might expect new graduates to be not only celebrating their degree but also the newfound freedom of officially living on one's own. However, there is a rising trend towards living at home after graduation, which is compounded by the continued tight job market for entry-level jobs. In fact, according to a recent MonsterTRAK poll, 64 percent of students plan to live with their parents after graduation - an increase of 7 percent when the same question was asked just two months prior. MonsterTRAK is a product of Monster(R), the leading global online careers site and flagship brand of Monster Worldwide, Inc. (NASDAQ:MNST).
In an online poll conducted in May 2004 (a), MonsterTRAK asked,
"How long do you plan to live with your parents after graduation?"
- A total of 1,108 votes were cast between May 14th - 26th, 2004, revealing 64 percent of students planning to live at home with their parents after graduation:
Two months earlier (b), the percentage of students saying they planned to live at home after graduation was considerably lower at 57 percent:
- A total of 1,092 votes were cast March 1st - 8th, 2004, revealing:
"With a tight labor market for entry-level jobs, students are faced with a far different post-commencement scenario than what they envisioned entering college four years ago," said Michelle Forker, senior vice president, Monster Campus. "With the high cost of living, students graduating this year are beginning to realize the potential advantages of living with their parents as they embark on their first job or an extended job search."
(a) The results of this MonsterTRAK poll are based on 1,108 votes cast by MonsterTRAK users May 14th to May 26th, 2004, on the seeker homepage of MonsterTRAK. Only one vote per user is counted toward the final tabulation. The content of the MonsterTRAK site is targeted specifically to college students, and MonsterTRAK is a password-protected site. Anyone interested in voting in MonsterTRAK's current online poll may do so by logging onto MonsterTRAK at www.monstertrak.com/seekers. Users may review the results of past polls by visiting http://content.monstertrak.monster.com/polls. (b) The results of this MonsterTRAK poll are based on 1,092 votes cast by MonsterTRAK users March 1st, 2004 to March 8th, 2004, on the seeker homepage of MonsterTRAK. Only one vote per user is counted toward the final tabulation.About Monster
Celebrating its 10-year anniversary, Monster is the leading global online careers property. A division of Monster Worldwide (NASDAQ: MNST), Monster works for everyone by connecting quality job seekers at all levels with leading employers across all industries. Founded in 1994 and headquartered in Maynard, Mass., Monster has 22 local language and content sites in 20 countries worldwide. Monster is the official online career management services sponsor of the 2004 U.S. Olympic Team. More information is available at www.monster.com or by calling 1-800-MONSTER. To learn more about Monster's industry-leading employer products and services, please visit http://recruiter.monster.com.
Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which Monster Worldwide operates, risks associated with acquisitions, competition, seasonality and the other risks discussed in Monster Worldwide's Form 10-K and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
CONTACT: Monster
Kevin Mullins, 978-461-8751
kevin.mullins@monster.com
or
Weber Shandwick Worldwide
Jackie Pigliucci, 617-520-7066
jpigliucci@webershandwick.com
SOURCE: Monster
