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College Confidence?

The following chart shows wage growth (or lack of) 60 months into the most recent economic “recovery”, which is at the lowest point since World War II.

Post-War-Wage(Sm)
Click to Enlarge

Furthermore, the employment situation is no more rosy:

“The bottom line is, we’re a million miles from full employment,” said [David] Blanchflower, a Bank of England policy maker from 2006 to 2009 [a professor of economics at Dartmouth College in Hanover, New Hampshire]. “Workers are struggling, and they don’t see signs that things are suddenly going to change.” (Bloomberg News, August 18, 2014)

With a less-than-optimistic employment outlook, plus stagnant income, all while college tuition escalates annually, families’ confidence in a college degree may be tottering.