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Long after the recession ended, many young college graduates struggled to find well-paying jobs in a slowly recovering economy, and stories about graduates working as coffee shop baristas abounded.But data collected by the New York Federal Reserve suggests that trend has faded as the economy has improved.Public employee unions, which often represent teachers and others with college educations, have generally maintained staying power while large industrial unions have deteriorated.— College grads are more likely than high school-only graduates to contribute to a 401(k)-style retirement plan, according to research by Christopher Tamborini of the Social Security Administration and Changhwan Kim, a sociology professor at the University of Kansas.Already, four in every 10 college students drop out before graduating — often with debt loads they will struggle to repay without a degree.

Sixty-four percent are current homeowners, down from 70 percent in 2000.Yet few experts think the solution is simply to send more students to four-year colleges.Many young people either don't want to spend more years in school or aren't prepared to do so."If the only path you offer them is a traditional college path, they're not going to be successful," says Harry Holzer, an economist at Georgetown University.Helping lift high school graduates' skill levels is critical, given the many ways they are lagging behind their college-educated peers: — They're less likely to have a job.

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