Slow Caution.CreativeMarblesConsultancy2012

College Degrees Offer No Economic Guarantees

As executives at tech giants, like Facebook, Intel, Netflix, Google, Apple, and Microsoft, announce hiring freezes and layoffs, the technology sector may not be the stable and growing industry with ever-lasting employment opportunities that many students and their parents have been promoting. To add insult to injury, new computer science grads (aged 22-27 years old) already encounter competition for jobs,…

Continue Reading

Is Demand for College Education Cooling?

In questioning the affordability of college, more families are asking, “Is the value of a college degree concomitant to the price?” However, despite annually increasing discounts on college tuition, 54.5% in 2021-22, thus improving college affordability for a wider swath of families, college enrollment continues dropping. As previously discussed in our series about the already shrinking middle class, increasing tuition…

Continue Reading

Chart: New York Federal Reserve Commodity Price Change Expectations, July 2021

Cost of College Continues to Outpace Consumer Price Inflation

According to the New York Federal Reserve Bank’s Survey of Consumer Expectations, since January 2021, respondents consistently predict rising college education expenses in the coming 12 months: 5.6% increase in January 2021, rising to a 6.1% increase in May 2021, and most recently in July 2021, even higher at a 7.5% rise. Whereas, just a year ago in July 2020,…

Continue Reading

Chart: Underemployment Rates for College Graduates, September 2020

Watch Out Below

The most recent underemployment figures from the Federal Reserve Bank of New York, indicating that 43% of 22-27 year old college graduates who are working in jobs that do not require their university degrees, show a nearly 2% increase from February 2020, pre-COVID economic disruption. Yet, as college graduates are usually the last cohort to be more widely affected in…

Continue Reading