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The American dream, once synonymous with a college degree leading to a prosperous career, is facing a harsh reality for the Class of 2023 and beyond. A confluence of economic headwinds, including persistent inflation, rising interest rates, and looming recession fears, has created a significant employment crisis for young US college graduates. This unprecedented challenge forces many to confront a daunting job market, characterized by intense competition, stagnant wages, and a widening skills gap.
The Crushing Weight of Student Loan Debt and Unemployment
The burden of student loan debt exacerbates the already difficult situation. Graduates are leaving college saddled with significant amounts of debt, often tens of thousands of dollars, leaving them with less financial flexibility to