I know a number of people with degrees who are either working in lesser fields, unrelated fields, or minimum wage jobs, ...
We had 'em where I worked.
...but every one I know in the trades has a good job and a decent income...
Yup.
As one skilled tradesman put it to me one day "When times get tough there may be little call for Social Sciences majors, but when your plumbing's stopped-up you gotta have that plumber." Or when your electricity goes haywire. Or your "check engine" light lights. Or your roof starts leaking. Or... or... or...
This last recession was a prime example. News story after news story with people in line at job fairs filling out apps for minimum wage jobs,
any job, because their unemployment benefits were about to run out and there was no call for name-an-advanced-degree people.
Never saw any interviews of plumbers, electricians, auto mechanics or other skilled trades types in those stories.
Btw: That skilled trades guy (don't recall what he was out here for) was set to retire, debt-free, in about five years, I believe he told me. ISTR he was somewhere in his mid-to-late-40s? Owned his home, out-right, too.
I'm not even going to
touch the whole school loans subject. That line of discussion can go nowhere good