"Only 36% of college grads have jobs that pay at least $45,000... after adjusting for inflation"
! 45k? And here I thought my 30K job in mid 90's after college was a windfall.
! 45k? And here I thought my 30K job in mid 90's after college was a windfall.
$30k in 1995 is around $45k now adjusted for inflation.
One important factor to remember is that the cost of education has risen a lot (even in real terms) since the 90's. A student graduating today is way more likely to carry a substantial student debt so that money just doesn't go as far as it used to once you factor in wealth.
Since you mentioned it, I wonder how much the percentage of graduates that actually had to take out loans has changed.
College has increased in price so much compared to inflation. My parents paid for all their school bills while working part time, you can't even pretend to do that now.