College grads expected to earn less, have trouble finding job - Fox 28: South Bend, Elkhart IN News, Weather, Sports

College grads expected to earn less, have trouble finding job

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It's graduation time for a lot of college kids. That means they're taking their first step out into the "real world," but the Class of 2014 is expected to struggle fiscally. Experts say that they have a tough road ahead when it comes to the job market.

Experts are describing those struggling as "disconnected youth." These youth represent the 1 in 5 high school graduates and 1 in 10 college graduates who are not in school or working. For those of you that do have luck landing a job, you still have some problems to overcome. Experts say the pay is not that great. High school grads are earning 11% less than they were back in 2000, averaging $9.82 an hour. College grads are also hearing the same tune, bringing in an average of $16.99 an hour. That may sound like a lot, but that's actually less than years before the recession hit. To make matters worse, we're told employers are not as generous as they once were when it comes to benefits.

Unfortunately, experts warn it could take between 10 and 15 years before the job market makes a comeback. It's something they are calling "bad timing" for the Millennial generation.

CNN contributed to this story




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