Gen Z Faces Economic Instability Despite College Degrees Amidst Eroding Trust
Many members of Generation Z, despite holding college degrees, are experiencing significant economic instability and disillusionment with the job market. According to a report from the Economic Policy Institute, the value of a college degree is diminishing, leaving young graduates with limited job prospects. This trend persists even as the overall economy grows and unemployment rates remain low. The Federal Reserve Bank of New York data indicates that the unemployment rate for recent college graduates has been higher than that of the general workforce since the pandemic. Additionally, the cost of obtaining a degree remains high, with the average student loan debt for the class of 2024 reaching $29,560. This financial burden, coupled with a challenging job market, has led many young adults to move back in with their parents, further complicating their social and professional lives. 
