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The Class of 2017 Is Better Financially Equipped Than Recent Grads

Mostly because they're more realistic about finding employment.
By THESTREET STAFF
May 19, 2017 | 07:46 AM EDT

Take a deep breath, Class of 2017: It's not as grim as it seems.

The Class of 2012 is in much worse shape, with an average student loan debt of $37,172 per student. 

However, it seems this year's graduates have watched and learned and most are interested in working for large companies than the class of 2016 was (19% vs. 14%)

New grads expect full-time employment in their field of study (71%) and expect to have on-the-job training (67%), shadowing (48%) or formal training (49%) in their first job.

They'll also do whatever it takes to get the job, including relocating (41%), commuting farther (38%), and/or accepting the first offer they receive (38%).

In short, they're more realistic. Welcome to the work force, grads! 

Read Full Article:  Relax, Graduates: The Class of 2017's Financial Future Isn't So Bleak

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This article was written by a staff member of TheStreet.
TAGS: Roth IRAs | Personal Finance | Video | Media | Retirement | 401(k) | Health Insurance | Buying a Home | Raising a Family | Social Security | Student Loans | Opinion

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