Today's graduates are unlikely to make much more money than their non-university educated counterparts. They are swimming in credit card and student loan debt and many will be unable to afford to buy a house or flat for many years. To top it off, they face the harsh reality of having to work much longer than their parent's generation merely to fund an average retirement income.
In the US, comedian Bob Hope used to say at the many graduation ceremonies where he spoke: "It's a jungle out there. Don't go." He didn't know the half of it.
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