Wednesday, July 16, 2014

"Go to law school. Rack up debt. Make $62,000"

From CNN Money:

Go to law school. Rack up debt. Make $62,000


Leslie Thompson earns $40,000 a year working two jobs, but her Albuquerque, N.M., house almost went into foreclosure twice this year.


Thompson's trade? She's a lawyer.


Lawyers have been struggling for a while now, but it's gotten even worse: Half of lawyers are now starting at a salary of less than $62,000 a year, according to the National Association for Law Placement.


Not only that, but starting salaries have fallen 13% over the past six years, down from $72,000 in 2008. At the same time, lawyers' student debts are piling up. Thompson is carrying over $150,000 in student loans.


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