Aram Zucker-Scharff

“The underemployment rate of recent college graduates now stands at 46 percent, compared with about 35 percent for college graduates as a whole.”

– Are the Job Prospects of Recent College Graduates Improving?

John Oliver discusses student debt, which is awful, as well as for-profit colleges, who are awfully good at inflicting debt upon us.

Report: Student Loan Debt Isn’t Just An Issue For Young Americans:

The US Government has discovered a new way to make social security last.

When older Americans were hit by the real estate crisis and driven further into debt, they had to stop paying their student loan debt. Now the Federal government is withholding funds from social security, medicare and *survivor* payouts to these people who THOUGHT they had achieved the American dream, driving retirees in the HUNDREDS of THOUSANDS into poverty.

THAT’s the future America has laid out for the rising generation. We, who hold more student debt than combined previous generations, can look to the present to see grandparents held down by endless, lifelong, student debt. Look at them, and think about what the future holds.

“An analysis of data from the Survey of Consumer Finances found that 3% of households – about 706,000 households – headed by those ages 65 years or older carry student loan debt. Although, the student debt level for those 64 years or younger is significantly higher – 22 million households, the issues faced by older American’s who tend to live on fixed incomes can’t be discounted.

The percentage of households headed by those aged 65 to 74 years of age with student debt grew from just 1 percent in 2004 totaling $2.8 billion to about 4 percent, or $18.2 billion in 2013.

The real issue is the number of older Americans who hold defaulted federal student loans – nearly a quarter of older American’s loans are in default – which often leaves the retirees living below the poverty threshold.”

Be f*cking furious.

The surprising truth about downward mobility in US higher education:

In most developed countries, education builds from generation to generation. But in the US, almost 1 in 4 young adults has less education than his or her parents.

When it comes to generational changes in education America is terrible. AND It’s getting WORSE. Oh and guess who is bearing the brunt of the ever widening doom-gyre that is America? Millennials.