Graduation time approaches, and for many the outlook is uncertain, to say the least.
Yale research says that students who graduate into a recession are likely to continue to face the negative effects from that recession, including higher unemployment and lower incomes, in some cases even 15 years after graduation. USNews Money Page
I graduated from a state university in 1987 with a degree in video production and an English minor. I searched around and found a video editor job for $10 an hour, and thought I had MADE IT! I struggled to make it in the big city (of Cincinnati!) I had good times and bad, always had to decide between which bills I would actually pay this month, etc. Times were tight, but I never said to myself, “This isn’t FAIR!”
But that’s just me. 1987 was a pretty good time to graduate from college. But I very much remember my high school commencement speaker saying, in 1982, “Times are hard. There are no jobs!” So, I may or may not have an idea of what grads are going through these days. The stuff I read is that new grads are facing 50% unemployment. The stuff I hear at Starbuck’s is, basically, “I have a degree, and they don’t want to make me management the first day and pay me $60K a year, which is BOGUS!!” And I ask myself, “Do kids still say bogus?”
Anyway, read the article noted above. It talks about post-grad expectations – students’ and parents’ – and how those can be so very different. Check it out. And let us know… are you a recent or impending grad? Is your kid one? What do you see? What are your expectations? Let us know!
Cinco de MindField Update: a $50.00 winner has been selected. We are waiting for confirmation and we will announce soon!