It partially depends on what field you want to go into and how expensive the grad school you want to go to is. For instance, I briefly looked into getting my masters, however the benefits of having a masters degree in web and graphic design were extremely not worth the extra 2 years tuition at the school I would be getting it from. Had it been some other field where a masters degree would have been more beneficial I would have gone for it, but in my field it really didn't make a lot of sense.

That said, I am now one of the many unemployed, having been laid off just before Christmas, and there are no available jobs in my field where I live. Yes, there ARE jobs out there and I could probably get one of them, but it's kind of not worth it when the unemployment check I get is more than the pay would be from one of those jobs. Better to let people who can't get unemployment take those jobs while I look for something that is actually in my field (and hope to actually find something before my unemployment runs out ).