The Atlantic has an article about where young people today find themselves titled Highly Educated, Highly Indebted: The Lives of Today’s 27-Year-Olds, In Charts, where they ask and answer the question:
What are today’s young adults really like? For those who’ve spent too much time gazing into the dark recesses of Thought Catalog or obsessing over “Girls,” the Department of Education has a new report that offers up some enlightening answers.
Three of the graphs stand out to me, and tell a real scary story. The first is a breakdown of education trends.
The second graph is about how much those that went to college borrowed to pay for that experience:
Finally, you get the last graph showing what these people earn:
I was earning over $40K and had zero debt (until I got married) by the time I was 27, and that was almost 25 years ago. Sure, I am probably not your average person, but I don’t see myself as anything special either, so these numbers leave me scratching my head. That we have so few kids, over a quarter of a century later, more in debt, and earning so little, is not a good trend.
More debt, less education, and the worse thing possible, less opportunity, after some of the hardest “social justice” years is not a good sign for that concept, now is it?