With college tuition costs having risen a stunning 439% since 1982, it’s no surprise that this phenomenon is drawing comparisons with the epic US housing bubble of the last decade. It turns out that college costs have risen far more than housing even rose at its peak, with housing having risen 4x, while college tuition has soared by over 10x, far outpacing the rate of inflation
Even among recent college graduates who do have jobs, nearly 30% of them are “underemployed,” working in jobs that don't require a degree and don’t pay anywhere near the salaries or benefits paid by jobs that require a degree. There are now a total of 17 million underemployed American college graduates, including nearly 320,000 waiters & waitresses and 80,000 bartenders.
