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This is not a short-lived problem for college graduates, as the report indicated that those who start their careers underemployed are 3.5 times more likely to remain underemployed a decade later.
College Degree Returns by Average 2011 Annual Out-of-Pocket Costs, from B. Caplan's The Case Against Education First-year U.S. college degree returns for select majors, by type of student Study comparing college revenue per student by tuition and state funding in 2008 dollars [121] The view that higher education is a bubble is debated.
According to the most recent U.S. Census survey, college graduates make on average $20,000 more a year than non-college grads, and the unemployment rate for non-college graduates is 10 lowest ...
In 2008, the unemployment rate of graduates was more than 30%. [32] In this year the unemployment rate of graduates from top universities was 10%. [33] In 2009, the employment rate of graduates who had bachelor's degree was in the 88% range. [34] In 2010, the employment rate of college graduates rose 3.2% in 2009 reaching 91.2%. [35]
Alumni of each of those three majors are making a median annual income of $38,000 five years out—the lowest among the 75 majors the Fed studied. (Full disclosure: I’m a former English major ...
[49] Despite higher college attendance rates than Generation X, many were stuck in low-paid jobs, with the percentage of degree-educated young adults working in low-wage industries rising from 23% to 33% between 2000 and 2014. [50] Not only did they receive lower wages, they also had to work longer hours for fewer benefits. [51]
Among the majors, child development has the lowest starting salary ($32,200) and mid-career pay ($36,400) while showing the least amount of growth in the first 10 years ($4,200, or 13%).
The following graph shows the inflation rates of general costs of living (for urban consumers; the CPI-U), medical costs (medical costs component of the consumer price index (CPI)), and college and tuition and fees for private four-year colleges (from College Board data) from 1978 to 2008. All rates are computed relative to 1978.