The percentage of unemployed Americans with four-year college degrees hit a record in January, at 36.6% of those 25 and older. (Bloomberg News reported in November that those with college degrees “now comprise a record 25% of total unemployment,” which was correct—and in January this measure hit 27%—but involved dividing unemployed workers 25 or older with four-year college degrees by all unemployed workers 16 and older. [In its monthly jobs numbers the Bureau of Labor Statistics only reports data by educational attainment for those 25 and older, while the headline employment and unemployment numbers are for those 16 and older.]) In part this is because people with college degrees make up a much larger share of the U.S. labor force than they used to—the 45.4% of employed 25-and-older Americans with bachelors’ degrees or higher in January was also near an all-time high. But observe the two lines together in a chart and the picture is not exactly reassuring for college graduates, with the gap between them almost halving since mid-2023.
https://www.fa-mag.com/news/college-graduates-are-down-but-not-out-in-the-job-market-85913.html
Even billionaires are worried about their children’s futures, says Patrick Dwyer, managing director at Miami-based boutique wealth management and planning company Aligned by NewEdge Wealth. Dwyer’s ultra-wealthy clients — primarily people who range in net worth from $100 million to over $1 billion — are specifically concerned that their kids, primarily between 22 and 35 years old, won’t be able to sustain careers in traditionally stable and lucrative industries.