Is College Still Worth It? Let’s Find Out!
According to the latest research, middle and high school students have the lowest opinion ever of the value of a college education. With social media often highlighting non-traditional paths to success, you might wonder if college is worth the investment. Does a degree benefit your social, health, and financial future? Let’s explore!
Social Benefits
A Gallup and the Lumina Foundation survey found that college graduates are more likely to enjoy quality time with loved ones, like nightly family dinners. They often become the trusted friends or family members others turn to for advice. Plus, the skills they gain help them connect with people from all walks of life.
Beyond their close circles, college graduates are more likely to feel confident in their ability to achieve their goals, vote in elections, and actively engage in their communities.
Health Benefits
Did you know college graduates tend to be healthier? This might be because more of them have access to health insurance, with their employers often contributing more to their coverage. In fact, the higher the degree, the more likely a person is to rate their health as excellent or very good.
Financial Benefits
On average, college graduates earn more than those with a high school diploma. According to the Federal Reserve Bank of New York, the 2023 median annual wage for recent graduates (aged 22-27) with a bachelor’s degree is $60,000, compared to $36,000 for high school diploma holders of the same age—even if they have years of work experience.
And the financial benefits don’t stop there! Over a lifetime, careers requiring degrees often see significant wage growth, sometimes doubling or more. Those with bachelor’s degrees also have a higher chance of accumulating wealth, providing a greater ability to pass on financial value to their children.
Plus, people with bachelor’s degrees are less likely to face unemployment. In the past decade, all net job growth has gone to workers with a bachelor’s or graduate degree. 🎓💼
Beyond the Paycheck: Other Perks 🌟
Higher education often brings other job perks like the ability to work remotely, access to paid sick leave, and family leave. And, if you ever feel like changing careers, having more education gives you the flexibility to make that switch.
While college isn’t the path for everyone, we’re here to support you no matter what direction you choose. However, knowing the potential benefits of a degree can help you weigh your options and envision the future that’s best for you.
Want to read more about this topic? Check out these resources below: