They'd probably be fine. But debt (or lack of savings), as Jessica points out, limits options.
Failure to save also results in a lifestyle inflation. Cable bills, expensive hobbies, etc. It's hard to step out of that tarpit once you're in it.
Your CS undergrad would be LESS fine if, at the last minute, they realized they wanted to start their own company.
My understanding is that (until very recently) household debt tended to go up every year. That seems to indicate that most people are pretty bad about judging when and if their ship will come in.
Failure to save also results in a lifestyle inflation. Cable bills, expensive hobbies, etc. It's hard to step out of that tarpit once you're in it.
Your CS undergrad would be LESS fine if, at the last minute, they realized they wanted to start their own company.
My understanding is that (until very recently) household debt tended to go up every year. That seems to indicate that most people are pretty bad about judging when and if their ship will come in.