Wall Street Journal: Trying to Shed Student Debt April 28-29 2012, A3.
Average earnings for full-time workers age 25-34 with a bachelor's degree only are down 15%
"The average debt load of all new graduates rose 24%, adjusted for inflation ... to $16.932."
Majia here: In 2010, the poverty rate for 25 to 34 year olds was 42.8%
Source: Dougherty, C., & Murray, S. (2010, September 17). Lost Decade for Family Income. The Wall Street Journal, p. A1, A4.
Majia here: What we are seeing happening is the collapse of opportunities for our younger generations. This is a formula for unrest.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.