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Economy, Investing, Personal Finance

“Two-thirds of American employees regret their college degrees”

“Student loan debt, which has ballooned to nearly $1.6 trillion nationwide in 2019, was the No. 1 regret among workers with college degrees. About 27% of survey respondents listed student loans as their top misgiving, PayScale said…

About 70% of college students graduated with student loan debt this year, averaging about $33,000 per student. And as younger grads pay off student loan balances, they’re struggling to accumulate wealth or are putting off purchasing homes — some millennials are even struggling to purchase groceries…”

https://www.cbsnews.com/news/two-thirds-of-american-employees-regret-their-college-degrees/

College is not worth it unless you’re going to be a doctor or an engineer or something which absolutely requires a college degree. The vast majority of college degrees are worthless. It’s better to invest that money you would have spent on college in businesses or future retirement.  

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