The latest NBC News poll shows two-thirds of registered voters down on the value proposition of a degree. A majority said degrees were worth the cost a dozen years ago.
Americans have grown sour on one of the longtime key ingredients of the American dream.
Almost two-thirds of registered voters say that a four-year college degree isn’t worth the cost, according to a new NBC News poll, a dramatic decline over the last decade.
Just 33% agree a four-year college degree is “worth the cost because people have a better chance to get a good job and earn more money over their lifetime,” while 63% agree more with the concept that it’s “not worth the cost because people often graduate without specific job skills and with a large amount of debt to pay off.”
Are you under 30? The blue collar trades income trajectory is pretty flat over time, so it’s the 30’s where college educated careers tend to come out on top, and the 40’s and 50’s where college grads really start running away with a huge gap.
Plus in any trades job into the BLS Occupational Employment and Wage Statistics, and you’ll generally see lower median wages (and much lower 25th percentile wages) than pretty much any white collar college educated career.
And living through a few business cycles also shows that non-college jobs, including the trades, are just less stable (and tend to force earlier exits to retirement or disability).
Keep your head up. High pay in HCOL areas tends to pay off over time, because not all costs scale the same, and being able to pay down debt or save a higher number of absolute dollars is better for your long term financial health.
Ah that could be part of it. I’m in my 30s but in a career with a notoriously long ramp up.