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Open original source ↗Two obvious takeaways:
1. The US Federal Government needs to stop underwriting college loans immediately.
2. Too many people are entering into a financial quagmire they will never pay off to get a degree that increasingly has little to no value.
Quoted context
These are the quoted author’s words.
BREAKING: Unemployed Americans with 4-year college degrees now make up a record 25.3% of total unemployment. The percentage has doubled since the 2008 Financial Crisis. This comes as over 1.9 million workers aged 25+ with at least a bachelor’s degree are now unemployed. Meanwhile, the unemployment rate for Americans aged 20–24 is up to 9.2%, the highest since May 2021. This rate has risen +2.2 points YoY, an increase not seen outside recessions. The US labor market is weakening across all education levels.
KobeissiLetter ↗