If you’ve been reading the news, you may be convinced that a college degree just isn’t worth the investment and potential debt you may incur. Not to mention the high levels of underemployment and stagnating wages- let’s not forget those.
However, a recent student by two researchers with the Federal Reserve Bank of New York concludes that the value of a bachelor’s degree is near an all-time high. How can that be you ask?
The researchers found that a bachelor’s degree for a 2013 graduate was worth $272,693 on average and when adjusted for inflation, the value of a degree hovered around $300,000 for more than a decade. One reason the value of a degree remains high while wages have stagnated and tuition has spiked is that the wages of high-school graduates have been falling, reducing the opportunity costs of going to school.
In summary, despite the varying factors, wages of college graduates are still higher than those with only a high school degree, keeping the value of a college degree from falling. http://bit.ly/1qkILYv
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