When assessing the health of the labor market, having perspective born of fact versus media hype is essential when defining a plan for weathering the economic storm, especially for those on the cusp of entering the job market for the first time after earning an undergraduate or graduate degree. Or, our current economic situation as…
The American middle class is shrinking, as educational achievement plateaus at the average level of attainment and more middle class families compensate the lagging educational achievement with discretionary spending on extracurricular activities and supplemental academic support services. By the late 1970’s, the collapse of American manufacturing sector made way for the meteoric rise of the…
Since many attend college in search of “The Golden Ticket”, AKA “a good job”, the above map can give needed information about employment opportunities to both high school seniors and soon-to-be college graduates. With more information about the greatest potential employment in a particular location, students can consider if they’d move somewhere, apply to a…
A recent Forbes article, highlighted the importance of humanities and other liberal arts degrees, despite the cultural norm that STEM is the only means to economic prosperity. The human to human connection is what bridges technology with it’s intended outcome: more efficiency based on information. Although technology is a more efficient means to collate data,…
MAY 22, 2017 Pith Graduates from the Dorm Jonah Reider was a senior at Columbia University when he became a famous chef. Now he serves eight-course tasting menus in a ritzy Brooklyn town house. By Emma Allen Photograph by William Mebane for The New Yorker There are plenty of weird ways to get famous these…
A neat interactive on earnings, occupations, and college majors from the Brookings Institution. You can view the median earnings for various careers over time based on factors like age, sex, college major, and whether you attended graduate school. The disparities in median earnings between the sexes are especially notable. Try putting in your own information…
As we recently posted, internships are becoming the new entry level jobs. Although appealing to students hungry for future jobs, given today’s challenged employment outlook, not all internships are created equal. The line between “employee” and “unpaid intern” needs to be carefully defined by both companies and student interns, in order to create a mutually beneficial and legal…
For most of us, moving out of the parental units’ house is the ultimate signifier of adulthood. So, what’s the threshold defining adulthood for the growing numbers of 25 year olds, who live with their parents (even after moving away for college)? Since 2002, parental co-residence rates have only risen: And, in 2012:
Go to college. Then, get a job. The old adage may have passed its time. Now, the meme may be more like, “Compete to get into college. Go to college; work unpaid internships every semester starting your freshman year, and each summer take more internships, then, hopefully, you’ll get a job by graduation.” According to a…
Student loans can help fund college expenses, yet create a future financial burden for students when in repayment. Currently, the total of student loans 90 days or more delinquent is at a record high of $124.3 billion – an increase of more than $3 Billion since last quarter. Possible reason for the delinquency can include…
As the chart shows, 18% of college graduates are currently living with their parents. In addition, unemployed college graduates are more likely to live at home (45% vs. 29%),
“To get a good job,” is an oft heard reason why a student is headed to college, usually stated while their parents nod vigorously in the background. A recent New York Times article–New Metric for Colleges: Graduates’ Salaries–discusses the merits of using a college graduate’s average earnings as a measure of a campus’ value, which…
“Full time” employment may not come from only ONE job for college grads. The Los Angeles Times provides more details on the “part-time” and temporary jobs growth. Cartoon Credit: http://www.intoon.com/cartoons.cfm/id/125005
What is wealth? The Urban Institute recently reported that the average net worth of today’s 29 to 37 year old has fallen 21% in comparison with previous generations since 1983. On the surface, this idea of “less wealth” may seem like a bad thing, as generally, I don’t like to be “less” at anything. However,…
