A new survey of college graduates from the last five years finds that the Great Recession has hit them hard, forcing them into low-paying jobs often unrelated to their educations and leaving half of them expecting less financial success than their parents.

Don't blame a spoiled generation, says Cliff Zukin, a Rutgers University political science and public policy professor who was co-author of the study.

"Eighty-three percent of them worked when they were in college," he said. "They're making sacrifices to go through with this and they're coming out without a great job and with debt. That's not a great situation."

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