The Blubber

Per Business Insider

While going to college used to be looked at as one of the only ways someone would become successful, the situation has now changed. A recent survey by the Wall Street Journal revealed that over half of its American participants didn't think that a four-year degree was worth it anymore.

It was also detailed that when it came to being worth it, 56% of Americans thought that it just wasn't worth spending on a four-year degree. The survey pinpointed two reasons why Americans thought so.

The first reason was because of student debt, which has been a common problem with most college graduates with a lot of them having trouble paying it off after years of work.

The second reason behind this was that Americans thought that college won't be able to teach them tangible job skills. It was previously also reported that US college enrollment saw a significant decline from 2010 to 2021.

In 2010, US colleges had 21 million students but in 2021m the number dropped to just 18 million. The survey found that the group that mostly questioned the worth of college were individuals age 18 to 34.

At the end of May, it was revealed that college students were expected to earn $103,880 in their first job. This came as over 90% of colleges weren't able to give inquirers an accurate estimate of how much they would have to pay.

This resulted in more potential college applicants missing their estimates, which could land them further into debt.

In April, it was also reported that 25% of college graduates weren't able to make more compared to a typical high school graduate. Americans with a college degree reportedly saw wages decline the most in two decades.

In 2022, it was reported that the median annual pay for Americans with a bachelor's degree was $52,000.

See flow at unusualwhales.com/flow.

Other News:

• College students expect to earn $103,880 in their first job
• 25% of college graduates don’t make more than the typical high school grad

Resources:

Business Insider