It’s Not Easy To Be A College Graduate in 2014
Lackluster Job Creation, Minimum Wage Jobs, and Record Levels of Student Loan Debt Welcome the Class of 2014
WASHINGTON, DC – As millions of young Americans prepare to graduate from college, Matthew Segal, co-founder and president of OurTime.org – one of the nation’s largest advocacy organizations for young Americans – is sounding the alarm bell on the outlook for the class of 2014.
“Plain and simple: It’s not easy to be a college graduate in 2014,” said Matthew Segal, host of “OurTime with Matthew Segal” on SiriusXM P.O.T.U.S. “The current student loan system is a disaster, the job market remains weak, wages are stagnant, and unpaid internships as well as minimum wage jobs are becoming pervasive.”
Here’s a look at the current economic and financial environment they face:
- Lackluster Job Growth for 18-29 Year Olds: Youth unemployment is currently 15.5 percent and the unemployment rates for 18-29 year old African Americans and Hispanics are even worse, at 23.3 percent and16.1 percent respectively.
- Minimum Wage Jobs Becoming A “Norm” for 18-29 Year Olds: According to the Economic Policy Institute, 88 percent of workers making the minimum wage are now over 20, and more than 4 in 10 are college graduates or have at least some level of college education.
- Soaring Cost of Post High School Diplomas: The cost of a college degree has risen by 1,120% since 1978 – far outpacing increases in food, healthcare, and housing prices. As a result, we possess more than 1.1 trillion dollars in student loan debt as a nation, and a whopping 7 million Americans are currently in default on their loans meaning they are more than 270 days late on a payment.
“Young Americans today absolutely cannot afford to sit out of the political process. The best thing the class of 2014 can do today is make sure they are registered to vote and vote their pocketbook in November,” concluded Segal.
To book Matthew Segal for interviews about the state of Millennials, contact Kristofer Eisenla at email@example.com or 202-670-5747
OurTime with Matthew Segal airs Saturdays at 2:00 pm ET on SiriusXM P.O.T.U.S., channel 124, and through the SiriusXM Internet Radio App on smartphones and other connected devices, as well as online at siriusxm.com. Subscribers will also be able to listen to the show via SiriusXM On Demand through the SiriusXM Internet Radio App for smartphones and other mobile devices and online at siriusxm.com.
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OurTime.org has grown into one of the nation’s largest non-profit organizations that empowers and speaks for the interests of young Americans. With a membership of more than 1,000,000 people, OurTime.org organizes campaigns that register and educate voters, advocate for economic opportunity, and convert political news into relevant language, short explanation videos, and shareable memes. Click HERE to view a short video about the organization.