In the chart above, the confidence amongst college graduates has steadily increased during the longest economic expansion in U.S. history. Yet, as said sentiment drops with each recession and economists now predict recession within the next twelve months, I’d posit that sentiment amongst college graduates is rolling over and will revisit the 2009 lows.
I will argue over the next several blog posts, that larger, more systemic and structural issues are the cause of a precipitous decline in sentiment amongst college graduates, which include the following:
- A broader cultural shift in the value of a college education amongst Millenials and Gen Z’ers
- College costs rising at rates greater than inflation, while students graduate from college with degress which reflect neither their talents and abilities, nor align with current employment opportunities, thus styming their chances for prosperity
- Decreasing economic opportunities amongst college graduates, who are increasely burdened by record amounts of student loan debt
Stay tuned for more details about this dynamic, complex and prescient educational issue.