Friday, September 21, 2012

Generation Why: Data, Not Prognostications

This episode of Generation Why is brought to you by some numbers, not essays on product or marketing efforts. The chart above shows the mean earnings of college graduates with a Bachelor's degree and full-time employment ages 25-34.

The Atlantic, which published the graph, claims that

"Real earnings for young grads with a college degree have now declined for six straight years. "Real average earnings for young grads have fallen by over 15% since 2000, or by about $10,000 in constant 2011 dollars," PPI reports."

Couple that with 14 percent unemployment for those aged 20-24 (compared to a national average of 8.1 percent), and no wonder kids aren't buying cars anymore.



from The Truth About Cars http://www.thetruthaboutcars.com




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