Surprising Number of 20-Somethings Have Been Laid Off Multiple Times

Read this article from CNN Money titled, "College Graduates Get Laid Off Multiple Times."

TL;DR? Here are some more memorable quotes:

"Youth unemployment is a crisis-level epidemic. Millions of college students can't even get their foot in the door," said Scott Gerber author of Never Get a Real Job: How to Dump Your Boss, Build a Business, and Not Go Broke.

"There is a reason to be concerned," noted Brooks Holtom, associate professor at Georgetown University's McDonough School of Business. "One of the challenges that people who graduate in a recession face is lower aggregate lifetime income. They are likely to earn less money over the course of their careers."

Even college professors are admitting that their own bread and butter, teaching undergraduate and graduate courses, isn't as surefire as it used to be. Many older colleagues and friends have lamented the fact that college degrees don't hold as much power or add as much marketability to a resume as it used to.

College tuition rates are steadily on the rise. At the same time, lifetime earnings potentials are on the decline. This is bad news for college students and recent grads scouring the market for something, anything, that constitutes an honest living.