In the decade since the financial crisis and recession, college graduates were often faced with a grim reality: they had unlucky timing. With few exceptions, they encountered a tough job market, sometimes with piles of debt owed for a diploma that was supposed to help make the transition to adulthood easier.
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If you feel like things are more expensive, you are right. Despite a slightly weaker than expected inflation report in April, this year, prices have accelerated faster than Fed officials anticipated just a few months ago. Last week we learned that headline inflation increased to a 14-month high of 2.5 percent from a year ago in April, due in large part to rising gas prices. Excluding food and energy the core rate increased by 2.1 percent.
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