Labor Market Mirage

In February 2020, approximately 165 million people were employed out of an approximate civilian population of 250 million Americans.  In the economic recession of March 2020, 20 million jobs were lost. Since then, in the interim 12 months, only 10 millions jobs were re-created, leaving 10 million people still seeking employment. Of that 10 million, roughly 4 million people have…

Continue Reading

Buyer’s Market Anyone?

According to the US Department of Labor statistics, the August 2020 College Tuition CPI dropped 0.7% from the month prior, the largest monthly drop since 1978.   College tuition CPI includes: …annual consumer expenditures for undergraduate and post-graduate studies at 2-year colleges, 4-year colleges, universities, and professional schools (law, dental, medical, etc.)…throughout the United States [minus discounts for scholarships and grants,…

Continue Reading

The American Dream in Trouble

The costs of childcare and college have outpaced wage increases in the past 20 years. So, a growing percentage of a family’s budget is spent caring for children, including paying for educational opportunities, like extracurricular activities as well as college tuition, in hopes of propelling kids toward a sustainable economic prosperity. Yet, as more of the family income is spent…

Continue Reading

Middle Class Wealth Erosion Set to Continue

The above chart depicts that the wealthiest and upper middle class have not only regained their wealth previous to the 2008 recession, but gained greater wealth, at the expense of the middle class and poorest classes. And, now, middle class and poorer families are facing an even greater economic downturn that has yet to be even defined in scope, though…

Continue Reading

SAT Adversity Scores

The Wall Street Journal recently unveiled of what’s being called, “SAT Adversity Score”, which is an attempt to address the question of fairness in college admissions, as well as the “nature vs. nurture” debate about what most influences a human to develop their full human potential. In their own executive summary, The College Board reasons the development of an “Adversity…

Continue Reading

Rising Student Loan Delinquency

Student loans can help fund college expenses, yet create a future financial burden for students when in repayment.  Currently, the total of student loans 90 days or more delinquent is at a record high of $124.3 billion – an increase of more than $3 Billion since last quarter.  Possible reason for the delinquency can include the growing underemployment rates for…

Continue Reading

The State of the Recent College Graduate

Just in the last month, more recently graduated or soon-to-be-graduated college students have re-connected with Creative Marbles for post-college advising.  Degrees (almost) in hand, “Now what?” is the question, as these grads move back home with mom and dad. The current sentiment as published in today’s Wall Street Journal gives insight into the world our college grads are inheriting: