No, college graduates are broke. College students have lots of toys and are still living on Mommy's and Daddy's buck (plus credit cards).
That's the problem with generalizations; they are often wrong. I am in college right now, and mommy and daddy aren't paying for anything. A lot of students are in the same situation - they are paying for it themselves, and are essentially broke. You go from semester to semester, hoping that the money will last.