Parents are starting to feel a greater pinch as more and more college graduates join the “boomerang” generation . The recession, along with the natural inflation that comes with tuition and rent, are squeezing college students and post-grads, sending them back home to mom and dad. An email I received from IBISWorld highlights this growing reality:
“We can expect to see a surge in the boomerang generation
[ages 18-24]
returning home and continuing financial dependency on parents due to a scarce and competitive job market,” said Toon van Beeck, senior analyst at IBISWorld. “This phenomenon has become more apparent in recent years, …read more

According to this article, the airlines are about to be hit – hard – by fuel prices and a host of other factors which have increased costs significantly. According to that report, fares may increase 30-40 percent before it’s all over.
What I don’t understand is why everybody is acting as though this is a surprise. Since I fly pretty much to the same place all the time, I’m pretty aware of airfares for that particular route. The truth is, those airfares have changed very little over the past twenty years or so, even as the price of fuel, wages, food, …read more