The class of 2026 faces a challenging economy with rising costs and evolving student loan plans. New graduates confront low consumer confidence and concerns about job prospects despite a recent uptick in hiring.

Recent surveys show 76% of new graduates worried about their employment outlook in February, while employers anticipate a 5.6% hiring increase for the class of 2026. Although average salary expectations hover near $80,000, actual starting salaries are closer to $56,000. Inflation pressures have driven up rent, gas, and food costs as of May, complicating financial planning. Experts advise new graduates to budget carefully, automate savings of 5 to 10% of income for retirement and emergencies, and prepare for potentially extended job searches. New student loan repayment plans launch on July 1, adding another layer of financial adjustment.

While Montana is not specifically mentioned in the article, its economy may reflect broader national trends with additional rural and small-business factors, so graduates in the state might face similar pressures from rising living expenses and shifting job markets. The region’s cost structures and employment patterns could potentially influence how local new graduates manage budgeting and loan repayment strategies in this uncertain environment.

Graduating in 2026? Here are 5 money moves to make right now
By Rachel Barber, USA TODAY

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NPR – What you should know about your student loans