Your last paragraph resonates with me. I cannot truly believe that there's a huge glut of people with not very practical majors. How could we let this happen? Where were those folks parents, teachers, and friends? Why didn't they point out that success is slim? If they did, why did this glut of individuals stubbornly pursue their desires?
What I'm trying to not say is that this individual sounds a bit silver-spooned. If I couldn't get a job in my chosen field, I'd move on. Pop "Fortunate Son" in the tape player and head to wherever the jobs are. There's apparently an oil boom in North Dakota. There's always need for English teachers around the world. That sounds like an adventure.
I don't want to come across as incompassionate. Society ought to direct people towards success and help them when they're down, but I can't help but feel this guy is hurting himself. We don't have all the data, I hope he's an outlier.