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College Degree: Gateway to Financial Prosperity or Not?

The chart below illustrates the number of college graduates since 2005 who are employed, yet earning at or below the Federal minimum wage of $7.25 per hour.  As we discussed in an earlier post, the chart reinforces that more of today’s college graduates are underemployed, or working in jobs that don’t require college degrees.

WageGraph.BureauLaborStats

As we previously discussed, the Federal Reserve Bank is reporting that the greatest numbers of recently added jobs are low-wage and temporary work, many in the retail and restaurant service industries.  Current economic developments and job trends begs the question: Is college still a pathway to future prosperity and job security?

Chart Source: Bureau of Labor Statistics & CNN Money