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Future Perfect

New college grads are doing better than the vibes suggest<br>Why a college degree is still worth it, even in 2026.

by Bryan Walsh<br>Jun 1, 2026, 10:00 AM UTC<br>Share<br>Gift

John Tlumacki/Boston Globe via Getty Images

Bryan Walsh is a senior editorial director at Vox overseeing the climate teams and the Unexplainable and The Gray Area podcasts. He is also the editor of Vox’s Future Perfect section and writes the Good News newsletter. He worked at Time magazine for 15 years as a foreign correspondent in Asia, a climate writer, and an international editor, and he wrote a book on existential risk.

There are many ways to bomb a college commencement speech.

You can tell everyone you composed the talk while high on ayahuasca, like Chris Pan at Ohio State. You can deliver the entirety of your speech in the voices of your incredibly annoying cartoon characters, like Tom Kenny and Bill Fagerbakke at the University of Vermont. You can even, like my graduation speaker in 2001, admonish the graduating class for depending too much on their parents and generally being an ungrateful lot, before later being convicted of multiple counts of sexual assault and undergoing a dramatic fall from grace. (Yes, that was none other than Bill Cosby, whose convictions were later overturned.)

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But the surest way to turn your graduate audience hostile in 2026 is to refer positively to AI, as speakers ranging from former Google CEO Eric Schmidt at the University of Arizona to real estate executive Gloria Caulfield at the University of Central Florida to record label honcho Scott Borchetta at Middle Tennessee State University discovered. And that’s because AI has — not unreasonably — become the symbol of growing fears that a college degree is no longer as valuable as it once was, and that today’s college grads are uniquely screwed. (The only speaker I could find whose comments on AI were well received was The Daily Show’s Ronny Chieng at Harvard, probably because they included the line: “Fuck AI, fuck AI, fuck AI.”)

Related<br>The end of “college for all”

In a late-2025 NBC News poll, 63 percent of voters said a college degree isn’t worth it, against just 33 percent who said it was. A Gallup poll found that the share of Americans who say college is “very important” had fallen to 35 percent in 2025, a huge drop from 75 percent in 2010. And that pessimism has real grounding. Recent graduates ages 22 to 27 had an unemployment rate of about 5.7 percent in early 2026, above the national average of 4.3 percent. Hiring has slowed to the lowest rate outside the pandemic since 2014, while entry-level postings have fallen roughly 35 percent over the past 18 months.

Related<br>How can you prepare your kids for AI’s disruption to the job market?

So there’s no doubt that 2026 will be a rough launch for new college grads. But a rough launch doesn’t mean a rough life, and while the longer-term impact of AI is unknowable, it’s far from the worst time even in recent memory to graduate into the workforce. The data still says, for most graduates, a college degree is more than worth the investment.

The vibes out there for college grads are not good. But when the bad vibes are outpacing the actual reality, that qualifies as qualified good news.

One of the best investments you can make

Let’s start with the number the college panic ignores. In 2025, the Federal Reserve Bank of New York asked the question, “Is college still worth it?” and came back with a very specific answer: Yes — to the tune of 12.5 percent.

That was the median return on investment in a college degree, after accounting for the cost of tuition and the amount lost by not spending those years working. College graduates in recent years have earned a median of around $80,000 a year, compared to around $47,000 a year for high school graduates. Government data in 2024 put median weekly earnings for workers with a bachelor’s degree at $1,543, compared with $930 for workers with only a high school diploma — about 66 percent more. And while it’s true that the growth of this premium has largely flattened over the past two...