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.