An advanced degree might boost your earnings, but it can't protect you entirely from a bad job market. According to a new study, close to 20 percent of those currently unemployed are former high earners with advanced degrees – and many are also still stuck with student loan debt. This new problem is creating what some call a new class of Americans who are "downward financially mobile." If you're among this group, here's what to do to better your situation.
Every year, thousands of Americans earn advanced degrees in an effort to get better jobs and more lucrative paychecks. While these graduates may also hope that an advanced degree offers some job security, recent studies show that up to 20 percent of those who are unemployed have an advanced degree.