In an economy where rapid inflation has increased gas prices, housing, and food costs, students are often tempted to take good job offers from currently desperate employers (particularly in hospitality and other service-oriented areas), and delay their degrees while doing so in order to pursue financial security. But when the Federal Reserve raises interest rates in order to deal with inflation, slowing the economy, students who lack adequate credentials and degrees may find themselves in a world of hurt, as delaying training and education puts them at a disadvantage for higher wages and opportunities.
See "Students who postpone school to pursue hot labor market may suffer when job market cools", Jeanna Smialek, The New York Times, June 9, 2022