I suspect this could be true. 
A lot of my friends from Princeton and Upenn still don&#x27;t have jobs, and its been a few years.  
The ones that did well were engineering and finance degrees, and even then most were looking for jobs from around 3 months to a year.<p>I&#x27;ve also noticed their parents seem more desperate to support their families, some taking part-time jobs post retirement. The most extreme example I can think of is one friend&#x27;s dad an engineer who couldn&#x27;t get hired became a barber(in the midwest).
It really seems like a bad situation for everyone, like there aren&#x27;t enough jobs for everyone.