Richard Vedder. Photo credit: Emily Mueting.
Young Americans have accrued a trillion dollars in college debt. According to an Ohio University economist, 24 percent of recent college graduates live with their parents and about 60 percent of graduates are still receiving some financial support from their parents two years after graduation.
Richard Vedder, Ohio University Distinguished Professor in economics, will lead a discussion on the country’s debt and failing education system at his Café Conversation presentation, “America’s Leaders: You’re Harming Our Future,” at 5 p.m. on Wed., Sept. 30 in the Baker Center Front Room.
Individual prosperity is in danger, according to Vedder, as the younger generation will have a tougher time moving up the economic ladder in the future. Economic growth has slowed dramatically.
“Some say our education system as it has operated has failed us,” said Vedder. He noted that over 40 percent of college graduates take jobs that traditionally belong to high school graduates, including baristas, taxi drivers and janitors. “Taxi drivers with bachelor degrees isn’t a bad thing, but these people went to college and undertook their debt in good faith (to get a job in their career field).”
Café Conversations are part of Ohio University’s Café Series, Wednesdays at the Baker Center Front Room. The series provides a friendly environment for presenters, students and the community to informally discuss these topics. Free coffee is offered to the first 50 attendees, and participants who ask questions will win a free t-shirt.
The series is supported by the Ohio University Research Division and Sigma Xi.
Learn more! Watch the new 1-minute Café Series video:
For a link to the live stream of the event and for a full schedule of fall semester speakers, visit http://www.ohio.edu/sciencecafe