How Much is a College Degree Really Worth

The cost of higher education continues to soar and it seems like everyone knows somebody who graduated from college with their degree but has been unable to find a job. A growing number of young people have been forced to move back home after college because they are not able to support themselves, raising the question is a college degree really worth it?

Research from the College Board confirms that a college degree puts people on the path to a better paying career. On average across the United States, college grads make 60% more than their counterparts who only have a high school diploma. Even when you factor in the cost of taking out loans to pay tuition, the financial rewards are clear. The careers are also more fulfilling. According to research, college degrees put graduates in a position to compete for jobs that they could not have qualified for otherwise.

Where college students get themselves into trouble is in picking a major that makes it difficult to find work after graduation. Sussa.org follows trends in education and finds that those who concentrate their studies in areas of math and science will find the best job opportunities when they get out and are also paid the best of new college grads.

A recent Georgetown University study reveals that a college degree is still worth pursuing and lists engineering majors at the top of their list of financially rewarding careers. These majors the study finds will make 300% more over their lifetime than those who studied in non-technical fields. The number one job in demand in the past year was software engineer.

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Marriage is no Longer the Norm

For the first time since researchers have kept track, married couples no longer make up the majority in America. The total has slipped below 50% according to the U.S. Census Department. The latest figures reveal that 50.3% of all households in America are headed up by an unmarried person.

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There are a number of factors suspected in the decline of marriage. The poor economy has resulted in more break ups as couples fight over money. There is an abundance of same sex unions that are impacting the marriage totals. There is also a growing acceptance of men and women living together out of wedlock. Couples disillusioned by marriage for whatever reason would rather live together without the permanent commitment.

It is amazing to look at the statistics and see how things have changed in America over the past 60 years. In 1950, the percentage of households headed up by someone who was married was 78%. By 1980, the percentage slipped to around 60% and was at 50% by the year 2000. Some say the decline can be directly linked to sexual revolution of the seventies while others cite racial and ethnic diversity. You can track a wide variety of lifestyle changes at sussa.org.

There are socio-economic reasons behind the decline as well. The research shows that people who have higher education degrees are more likley to get married and stay married. At the same time, women who only completed high school are more likely to stay single and raise children on their own. The experts doubt that marriage will make a rebound and look for the decline to continue.

 

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