Is College Critical? New Report Says No.

by | Oct 11, 2019

Is College Critical? New Report Says No.Think the path to success goes through college? Might be time for a detour.

According to Forbes, Third Way, a Washington D.C. think tank, found that many college graduates earn less than the typical salary of a high school graduate. The study also found that last year, half of U.S. colleges had graduates earning less than twenty eight thousand dollars a year.

If the current college admission scandal involving dozens of parents is any indication, the pressure for a higher education is intense. Even if the child has no interest in pursuing a degree.

In addition, the price of college is hundreds of thousands of dollars. Parents need to start saving as soon as that pregnancy test is positive. Otherwise, people get massive debt with their degree.

According to Forbes, another trend is that many people began looking down upon those who didn’t go to college or who entered a trade school. But we couldn’t survive without electricians, construction workers, or plumbers.

So maybe consider an alternative to college or get used to your children crashing on your couch for years to come.

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Brian Banmiller

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CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.

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