According to research from the Office for National Statistics, one in seven university graduates in the UK ends up earning no more than people in work who left school with just GCSEs (typically taken at the age of 16).

(The same study shows that one in five graduates earns less than a worker whose education ended with A-levels (typically taken at the age of 18). The explanation is that the financial advantages of a degree have fallen as the number of graduates has risen. It makes me wonder why I ever went to Uni, but then I work for nothing most of the time, so it’s lucky they didn’t ask me.)