How bad will the economy be by the time I graduate college?

I am fairly young, at the beginning of my adolescence living in a tiny apartment with my family of 4 (including me) in Brooklyn, NY. My sister- a recent college grad is not financially stable and I'm worried my future will be the same-if not worse. I've already heard that the economy is really bad and it will continue to deteriorate. It's a rule of thumb that the average college grad in US is broke as hell, even if said person peruses a prestigious major. Will I be able to pay mortgage? If I continue to live in NYC after my high-school grad, will that affect me really badly economy-wise?

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