It’s not been an easy year for any of the world’s economies. The housing market crumbled and took down banks and brokerages left and right, destroyed the American auto industry, which was once regarded too big to fail, and sapped the U.S. economy alone for over $1 trillion in stimulus money attempting to slow the free fall and break us out from the worst economic situation we’ve had in most of our lifetimes.
Unemployment has shot up, with the national average nearing 10 percent, while some metropolitan areas, such as El Centro, Calif., are looking at upwards of 26.9 percent unemployment.
Jobs are hard to come by, and to make matters worse, jobs that pay enough to make ends meet are even more scarce.
There is, however, one group of people that the media keeps claiming are the beneficiaries of the moment: college students. Student loans, scholarships, grants and cheap living make lives for these individuals easier, according to the news outlets and general consensus.
I beg to differ on the matter.