Help Get Your College Grad Out of Your House and Into a Job

Guiding your children toward good careers can help them (and you) gain financial independence.

Will you have to support your kids after they graduate from college?

As anyone who has a child in college knows, this is a scary time to be a twenty-something. A recent study by the Economic Policy Institute found that the unemployment rate for young college grads is still 7.2% (it was 5.5% in 2007) and the underemployment rate is almost 15% (9.6% in 2007). Underemployment could mean working at a job below your skill level or working part-time because full-time positions aren't available.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Bradford M. Pine
Wealth Adviser, Bradford Pine Wealth Group

Brad Pine is a wealth adviser and president of Bradford Pine Wealth Group, based in Garden City, N.Y. BP Wealth Group assists individuals and entrepreneurs to create wealth, simplify their lives and plan for retirement. Honesty, integrity and reliability are the foundations of Pine's investment philosophy.