Belleville

Business Briefing: More college students postponing life after graduation

The cost of college and a still-challenging job market is forcing more recent college graduates to live with their parents after graduation.

These recent grads are also postponing marriage, the start of a family, the purchase of a home or saving for retirement.

These were the conclusions reached by Harris Poll on behalf of the American Institute of CPAs, who surveyed 751 college students who enrolled in classes this fall. The poll found that 37 percent said they would likely have to move back in with mom and dad after graduation. More than half, 59 percent, anticipate paying off student loans in less than a decade, while 79 percent admitted they had lost track and did not know exactly how much they will have borrowed by the time they completed their degree.

***

Stocks were off to a slow start in early trading Thursday. Much of the lag was coming from mining and energy companies as the price for copper, oil and other commodities have been falling. Read more here.

***

Advanced Auto Parts has reported a drop in its third-quarter profit. The auto parts company has recorded a 1.4 percent drop in third-quarter profit to $120.5 million, or $1.63 per share. Learn more here.

***

Kohl’s Corp. has reported $120 million in third-quarter profit as the retailer heads into the holiday shopping season. The Menomonee Falls, Wis.-based company has posted revenue of $4.43 billion during the period. Find out more here.

-Will Buss, BND business writer

  Comments