How Many Baristas Have High Priced College Degrees?

It’s a stereotype but is it true? The common wisdom is that too many young people drop 50-grand on a college degree and then get a job as a barista pouring coffee at Starbucks.
The Federal Reserve Bank of New York decided to really figure out just how many college grads really are working at coffee joints. Assistant vice president at N.Y. Fed, Richard Dietz says, "People love to use the image of a college-educated barista. We realized it was a lot less pervasive than you might be led to believe."

So what did they discover? The data shows that only about nine percent of recent college graduates worked in low-skill service jobs from 2009 through 2013. Additionally, that percentage is cut in half by the time the group meets their mid-20s, suggesting they're transitioning into better jobs.

That’s the good news. On the other hand 45 percent of grads worked in jobs that did not require a bachelor's degree in the years following the recession, meaning they're underemployed or working jobs that don't match their skills. (CBS News)