First the Obama's warn young people not to aim high, not Bernanke warns against going for high income jobs

Possibly next year Bernanke can warn students about the risks of taking low income jobs.

That was the message from the Federal Reserve chairman on Saturday to graduates of the University of South Carolina.

"We all know that getting a better-paying job is one of the main reasons to go to college. ... But if you are ever tempted to go into a field or take a job only because the pay is high and for no other reason, be careful!" Ben Bernanke said in his commencement address.

"Having a larger income is exciting at first, but as you get used to your new standard of living and as you associate with other people in your new income bracket, the thrill quickly wears off," he said. . . .