The University of California will raise tuition by 28 percent over the next five years in order to save a mismanaged pension fund. The extra debt students will have to take on to fix their elders’ mistakes could set these students back by many years.
It’s a bad time to be young. According to a new report by the Federal ReserveBank of New York (h/t Andy Quinn), around 44 percent of recent college graduates (22-27) were underemployed in 2012—meaning they had jobs that didn’t require a college degree. The inability of politicians and the Boomer generation to develop any pro-millennial agenda except “let them smoke pot” is a scandalous failure.
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We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.