Nearly 3 out of 5 college students to live at home this year

According to a new survey from the National Retail Federation, 58.5% of college students will live with their parents this year:

12.8 percent of survey respondents say the economy will impact where a student lives, with many choosing to save money by living at home. Nearly three out of five (58.5%) college students will be living at home this year, compared to 54.1 percent last year and 49.1 percent in 2007. As a result, fewer students will live in a dorm room or college house (15.8% vs. 18.0% in 2008) and in off campus apartments or homes (22.4% vs. 24.3% in 2008).

You can read the full write-up of the survey here.