People forget, finances for Millennials weren't great pre-COVID either. Lots of student debt taken on by a generation who were told they'd be absolutely nothing unless they got, at the very least, a bachelor's degree.
> they'd be absolutely nothing unless they got, at the very least, a bachelor's degree.
I have long told people what degree you get matters. There are a lot of interesting areas of study that are not valuable in the workplace. If you want your degree to get you a good job - which is the implication of the statement - you need a degree that is valuable. If you can afford to not have a good job (either because you are rich or you already have one) then go ahead and study something interesting to you that the market doesn't value.
COVID just made things much, much worse.