Friday, August 7, 2009

More College Kids Live At Home

WASHINGTON, D.C. (Wireless Flash - FlashNews) – The poor economy is a major buzzkill for college kids who have to live at home rather than the dorms.

According to the National Retail Federation’s back-to- college survey, 58.5 percent of college students – or three in five – will be living at home this year since money is so tight.

That means less students will live in campus dorms, frat houses, or apartments.

About 83 percent of families with college-aged kids say the economy is impacting their college plans this year.

The number of students attending college this fall has dropped and 15 percent say the economy will impact their choice of school.

About 48 percent of those who are heading back to class will spend less overall on shopping, while 33.6 percent of students plan to make do with last year’s school items.

Still, parents will wind up spending an average of $618.12 on back-to-college items. Freshmen are the priciest students, averaging $820.77 in purchases.

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