“The recession convinced many young American high-school graduates to take refuge in college instead of try their luck in a lousy job market,” reports the Wall Street Journal. But, now fewer high school graduates are going on to college, according to the Labor Department.
On 2012, 66.2 percent of recent graduates enrolled in college: The share of female graduates enrolling in college declined from 72.3 percent the year before to 71.3 percent. Men, who are lagging in college attendance, declined from 64.6 percent to 61.3 percent.
Some graduates think they can find jobs, though unemployment rates remain high — 34.4 percent for high school graduates who aren’t in school.
I suspect young people are more wary of borrowing for college, especially if they’re not strong students.