Given the $962 billion Americans owe in student loan debt, it seems reasonable to ask what a college degree buys them in employability and future income.
Not much according to a recent Online Degree feature revealing that 33,655 PhDs and 239,029 master’s degree recipients are on food stamps. American janitors are the most educated in the world, with 5,000 of them holding doctorates. According to the Bureau of Labor Statistics, approximately 1/3 of US college graduates work in jobs not requiring a bachelor’s degree.
Peter Schiff’s recent encounter with college grads in New Orleans is also extremely revealing: