Last week, we wrote about young people who have been forced by the sour economy to put major life steps on hold. Now, via the Wall Street Journal, here's a statistic that reinforces that bleak picture.
In 2000, according to Census Bureau data, the median annual earnings of a college grad (without a graduate degree) aged 25-34 was $45,200. Last year, adjusting for inflation, it was $40,875--a whopping 9.6 percent decline.
Nor is this income gap going away any time soon, by the looks of things. Studies suggest that workers who graduated college during a recession are likely to be worse off than those who graduated during better times, even when measured decades later.