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Report: Millions of Millennials Are Underemployed or Unemployed


May 20, 2014
It wasn't too long ago that the majority of Americans agreed that one had to pursue a college degree in order to succeed in the workforce. Unfortunately for millennials, the rate of success after obtaining said degree is no longer so intrinsically tied: According to multiple reports, millions of college graduates suffer a mismatch between education and employment and hold jobs that don’t require costly degrees. Among recent college graduates ages 20 to 29, the Bureau of Labor Statistics reports unemployment stands at 10.9 percent, more than three points higher than in 2007. While a study from the Federal Reserve Bank of New York found that of those recent college graduates who have managed to find work, more than 40 percent hold jobs that do not require a college degree; more than 20 [...]
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31 months ago 0 comments

Due to the stagnant economy, students are flocking to majors considered “safe” (economics, engineering and computer science) and steering clear of ones that develop creative thinking and imagination (the humanities). It makes sense: The objective after graduation is to obtain a lucrative career to pay for that prestigious college education and the best way to do that is to select a major where [...]

31 months ago 0 comments Read More

If you’re a high school senior, you’ll be faced with a major decision in the coming months: choosing the right college. And while there are myriad factors to consider when making your decision, campus housing can be a crucial piece of the puzzle. For the most part, students are required to live in campus housing during their freshman year while upperclassmen tend to live off-campus in apartments. [...]

32 months ago 0 comments Read More

There are myriad reasons to attend a particular university - from prestige and academics to athletics and diversity. But if you're in search for the universities with the top rated professors, CBS Money Watch has created the ultimate list for you. To compile the list, CBS relied on data from the Center for College Affordability and Productivity, which referenced information from [...]

32 months ago 1 comments Read More

Applying to some of the top schools in the country is unquestionably unnerving but after months of stress, sleepiness nights and chronic stomach pains, it all seems worth it when you read those magical words, “Congratulations! You’ve been accepted.” Most would celebrate such an occasion with screams of triumph, followed by an immediate Facebook update or witty tweet sharing their enthusiasm...but [...]

32 months ago 0 comments Read More

Think you have what it takes to get into an Ivy League school? Let's be honest, few do but did you know that a some of your favorite celebrities studied at the most prestigious schools in the nation? It's true! Check out these 10 celebrities that attended an Ivy League institution below: John Krasinski – Brown University Conan O’Brien – Harvard University John Legend – University of [...]

34 months ago 0 comments Read More

When you envisioned your college application process, I’m sure you thought you were more than prepared. This was the moment you were told to draw on your strengths and articulate every achievement – countless community service hours, a stellar GPA and the fact that you were senior class president – and every sentence would be so perfectly and meticulously thought out that who you were would just [...]

34 months ago 0 comments Read More

With college on the horizon for high school seniors, students with political aspirations should understand that it's never too early to start making the right connections. And what better place is there to start than by attending the college that boasts 47 elected officials currently on Capitol Hill? (Curious as to which school I’m referring? None other than Harvard University, of course.) With [...]

34 months ago 1 comments Read More

Acceptance letters should be rolling in for the majority of high school seniors and the pressure of deciding where to go is definitely on. A lot goes into deciding what school is the right fit for you, but if you’re interested in what schools have the highest graduation rates...then boy do we have the list for you. And sure, these institutions do have quite impressive graduations rates but keep [...]

35 months ago 0 comments Read More

Six years after the recession began, the stock market is officially recovering. And while that’s great news for investors, it hasn't translated into a thriving work force for recent college graduates. In fact, the unemployment rate for millennials ages 18 to 29 in the U.S. has remained in the double digits and the percentage of young workers without employment is close to double what it was when [...]

35 months ago 0 comments Read More

When discussing the art of nailing your college admissions interview, it’s important to talk strategy. Every Tom, Dick and Harry will stress the importance of dressing professionally and the value of asking questions but did you know that over rehearsing your responses is a big no-no, too? Well, it is! If you’re starting to prepare for your college admissions interviews, check out U.S. News & [...]

35 months ago 0 comments Read More

If you’re a high school senior, you’ll be faced with a major decision in the coming months: choosing the right school. And while there are myriad factors to consider when making your decision, campus housing can be a crucial piece of the puzzle. For the most part, students are required to live in campus housing during their freshman year while upperclassmen tend to live off-campus in apartments. [...]

37 months ago 0 comments Read More

Four decades after Title IX was enacted, many colleges and universities across the country still struggle with the gender-equity requirements. If you’re not familiar with Title IX, allow me to give you a brief synopsis: The law states: “no person in the United States shall, on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under [...]

37 months ago 0 comments Read More

In general, college is viewed as the sacred time in your young adult life where you make connections that will last a lifetime, take part in heavily heated debates on issues you're passionate about and play games where you're rewarded with a $25 gift card to the Olive Garden for “catching” illegal immigrants. Wait...something about the latter statement seems WAY too terrible and offensive to be [...]

37 months ago 0 comments Read More

With college on the horizon for high school seniors, those with lofty political aspirations should understand that it's never too early to start making the right connections. And what better place to start than by attending the right college that already boasts a total of six presidents and four vice presidents. Which university is that, you ask? None other than Harvard University. Considering [...]

37 months ago 0 comments Read More

In what some would consider the most obvious study of all time, the University of Nebraska-Lincoln confirms that the majority of college students are seriously distracted in class and found that smartphones are to blame: According to the study, the average college student checks his or her phone a whopping 11 times a day in class while a mere 8 percent said they never use their phones during a [...]

37 months ago 0 comments Read More

I had my freshman year of college perfectly planned and one aspect that was going to make college the ultimate experience for me was to join a sorority. During rush, I found the sorority I wanted to join as well as an equally awesome backup and when the second round came along, I was ecstatic to find out that I was asked back by my top two choices. Then, third round I was extremely disappointed [...]

40 months ago 0 comments Read More

"I need to take all of my stuffed animals with me!" "Why?" "'Cause I’ll need them! This was an actual conversation I had with my friend when I was packing for my freshman year of college. I was absolutely convinced that I would decorate my bed with the stuffed animals I had collected since childhood; after my first few days at school, however, they were shoved in bins under my bed to make [...]

41 months ago 0 comments Read More

Immigration disputes have long commanded top billing when it comes to our nation’s political agenda but as of late, it’s begun seeping into the educational realm as well: The state of Arizona has filed a lawsuit to block one of the nation’s largest community college systems from providing in-state tuition to young immigrants granted deferred deportation by the Obama administration. Arizona [...]

42 months ago 0 comments Read More

With summer break in full swing for most high school graduates, navigating the long, challenging road that is obtaining a college degree won’t begin until late August. And while your calendar is already chock-full with summer fun, consider this: The country is facing a shortage of on-campus student housing at public and private schools. So perhaps between attending that beach party, block party [...]

42 months ago 0 comments Read More

The Department of Education has recently announced that the FAFSA will soon undergo a few changes to accommodate students with same-sex or unmarried parents who cohabit in order to more accurately ascertain an applicant’s financial situation. The forms, which will be introduced for the 2014-15 school year, will allow students to designate their parents as “Parent 1 (father/mother/stepparent)” [...]

43 months ago 2 comments Read More

It’s official: After 18 months of intense analysis and serious opposition (we’re looking at you, students who barricaded themselves in the college last December), Cooper Union will begin charging undergraduate tuition for the first time. Faced with a $12 million annual budget deficit, the Board of Trustees voted last week to reduce the full-tuition scholarship to 50-percent for all [...]

44 months ago 0 comments Read More

Looking for a competitive edge when applying for that minimum-wage barista position at your local coffee shop? Turns out your newly minted bachelor’s degree might just be the edge they’re looking for. According to the U.S. Labor Department, there were about 284,000 college graduates working minimum-wage jobs in 2012, including 37,000 with advanced degrees. Surprisingly, that’s down from 2010’s [...]

44 months ago 0 comments Read More

Running for student office can be a challenge. With the majority of students uninterested in student politics and others voting based solely on the catchiness of a slogan ("He's not popular and he's not handsome, so he has time for student council" got my vote every time!), the odds really aren’t in anyone’s favor. Unless, of course, you run your campaign on providing cuddly-wuddly, wittle [...]

45 months ago 2 comments Read More

Undocumented students are ineligible for federal aid or loans and as a result, many of these students have a difficult time paying their way through college. Accruing enough funds to turn a collegiate dream into reality isn’t easy but one appropriately-named student group at Cornell University is certainly doing its part to ease the financial burden. The DREAM Team is attempting to make the [...]

45 months ago 0 comments Read More

So I went to a punk and pop punk music show this past Friday in Greensboro, NC and that got me thinking: College is a challenge but you’ve got to make time for the things you truly value. (For me, that’s music.) It’s takes some effort to keep doing the things you love when you have three tests to study for, an essay to write, a job to keep up with and extracurricular activities, but I think [...]

45 months ago 0 comments Read More