So insightful. The cost of education skyrocketing, alone, has changed the equation, to where it's a huge risk to take on enough debt to complete an advanced degree. A lot of Millenials and Gen-Z didn't get this memo, and still got overeducated - this could mean any degree in a field that doesn't pay well or doesn't generate many jobs. To the extent the degree wasn't financed it's not that big a deal. At least they got to learn something! Now they'll just have to try to work their way up slowly.

But take a person who can't find a job that pays much more than retail, and put them $150,000 in debt... that person is not going to be happy.