How I feel about graduating in a cost-of-living crisis

The forced U-turn of graduating and going back home during a financial crisis

Sophie Psaila
22nd November 2023
Image credit: unsplash_Tim-Gouw
As the end of my second year looms closer, my thoughts naturally turn to what I plan to do after graduation. The transition from student life to adulthood is inevitably stamped with uncertainty, but shouldn't it be a period of excitement for new beginnings and self-discovery?

Unfortunately for many current students this isn’t the case, as the reality of their graduation is being tainted by the undeniable weight of the cost-of-living crisis. 

Soaring energy bills, rapidly rising food prices, and a crumbling housing market are leaving a bitter taste in the mouths of graduates up and down the country. One particular issue facing graduates is spiralling housing costs, coupled with the limited availability of affordable options.

When I moved to university, I gained my independence - living alone was a huge step towards the freedom of adulthood, but with house prices rocketing higher than ever, degree holders are being forced to U-turn back into shared living with their parents.

Such a reversal of progress has left graduates feeling hopeless and insecure about their futures.

There is an underlying sense of guilt for the responsibility placed on parents to make ends meet on behalf of their children. 

I have worries about how the broader job market will be affected and how this will impact my ability to secure a graduate job. Increased competition and lower starting salaries mean that students must struggle to stand apart from their peers. Such an onerous process means degree holders must remain dependent on parents and caregivers for even longer, while repeatedly facing demoralising rejections. 

So, as I prepare to step onto the graduation stage, my peers and I must be ready to face the reality of the cost-of-living crisis. While these obstacles will be challenging, we must have the determination to overcome them and redefine a successful future on our own terms. 

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