Dan S. is dialed in on this.....it's as simple as supply and demand.

Tell me, why would any boss pay someone $75K/year, when there are plenty of folks with the same qualifications who would love to do the job for $50K/year? Right now all I see is a whole bunch of college loans that are going to be an absolute burden to pay off. And things ain't gonna turn around anytime soon.

And for those who have lost, or are about to lose their houses....guess what? Renting is going to start climbing like a rocket. Again.....supply and demand.

Awful picture........Let's Fish (While you can still afford it.)