] The average collegian in the U.S. isn't graduating into a
] world of boundless opportunity, but rather is
] $20,000-plus in the hole thanks to student loans and
] credit cards. So begins the snowball effect: The most
] desirable entry-level jobs often pay wages too low for
] the indebted, who must fork over a large percentage of
] their salaries to Sallie Mae or Citibank.

This problem affects me and practically everyone I know. Very insightful article about the problems that trouble Generation X and Y.

Ryan: Absolutely. There are tons of jobs I would really like to do. However, none of them can provide me with the $60k/yr paycheck that I need to *break even*. sigh.... Here's to someday being able to do what I want-- and yes, I understand that this is a position of relative luxury but still....

Generation Debt: The New Economics of Being Young: The Ambition Tax