U.S. Congress has finally gotten around to watching NIA’s critically acclaimed documentary that it released back in 2010 College Conspiracy. NIA’s President Gerard Adams was happy to accept an invitation from Congress to speak yesterday on Capitol Hill about America’s College Education Crisis and how the average millennial is so deeply in debt with student loans, they can’t afford a decent standard of living.
Here is a short clip of Gerard Adams yesterday with Representative Eric Swalwell:
Some of the topics that NIA’s President discussed yesterday on Capitol Hill:
It now costs a record high 45.63 weeks of the average American’s earnings to pay the average annual tuition of a Private 4-Year U.S. College, nearly 2 standard deviations above the average since 1972 of 27.25 weeks.
A record low 71.93% of U.S. College Graduates Age 25 and Over are currently employed, more than 1 1/2 standard deviations below the average since 1992 of 75.88%.
A record high 11.4% of U.S. College Graduates are currently being paid at or below the Federal Minimum Wage, more than 2 1/2 standard deviations above the average since 2002 of 8.22%.
A record high 16.05% of Americans age 25-34 are currently stuck living at home with their parents, nearly 3 standard deviations above the average since 1983 of 12.07%.
The U.S. Home Ownership Rate for American Householders Age 35 and Below has just reached a new all-time low of 34.3%, nearly 2 standard deviations below the average since 1994 of 39.14%.
The Average U.S. Tenant Age 25-34 is now spending a record high 47.45% of their monthly gross income on rent, more than 2 standard deviations above the average since 1980 of 41.51%.