Safety net my *&+^$. Seriously. I worked for only about a year after graduating (with honors, internships, etc) before starting a family and becoming a SAHM to my special needs son and then my daughter. My marriage broke down due to my husband's mental health issues and I had to try to make it on my own. I can't get a job to save my life. I've applied to hundreds of places, literally, from coffee shop waitress positions to real "career" types of places. Not one call-back. Not one. I am professional, responsible, organized, healthy, motivated, well-spoken, educated, have about a year of grad school under my belt... Every day I'm out there looking for a job. I'm about to go on welfare at the moment because I just can't find one and I just don't have any more money.
The only two places hiring right now that I still haven't applied to are Goodwill and Walmart. In about two more weeks if I don't get a call back from SOMEwhere I'm going to take my college-educated self and beg for a checkout position while my kids are in state run daycare. Really glad I put in all that work and effort to get a degree or two. Really happy.
A continuous work history is apparently much more important than being educated. That or knowing people. If you have a network of people who can get you a job I guess you're set. I have neither, so by itself a college degree, to me, is worthless.