How much is the "or higher" part? The following chart shows the 12-month moving average of the percentage of college graduates who have more than a bachelor's degree (in the civilian labor force and are aged 25 years and up).
Click to enlarge.
As seen here, there were 12.4 million "or higher" in 2000. That number has grown to 18.7 million today.
My worry is that we seem determined to create very highly educated and very highly indebted coffee shop baristas. Perhaps I'm just imagining things.
March 27, 2013
Why a BA is Now a Ticket to A Job in a Coffee Shop
A new paper from Paul Beaudry, David Green, and Benjamin Sand argues that these worried kids--and their worried parents--are not just imagining things. The phenomenon is all too real. Skilled workers with higher degrees are increasingly ending up in lower-skilled jobs that don't really require a degree--and in the process, they're pushing unskilled workers out of the labor force altogether.
This whole economy is being Spackler'd. That's my opinion and I'm sticking to it. Sigh.
St. Louis Fed: Custom Chart