Nearly Half of Americans Overqualified for Their Job

Number of degrees increasing, but number of jobs not

Nearly half of Americans with college degrees are working at jobs that they are overqualified for, according to a new study. The Center for College Affordability and Productivity found that the number of Americans with college degrees has increased, but that the jobs requiring those degrees have not. From 2002 to 2012, the number of Americans with bachelor's degrees grew by 25 percent (to 41 million); with associate's degrees by 31 percent, and with master's or doctorate degrees by 43-45 percent. In 2010, there were nearly 42 million college graduates, but only 29 million available jobs. That same year, 15 percent of taxi drivers and 25 percent of retail sales clerks (compared to just 1 and 5 percent, respectively, in 1970). (10 News)

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