by James A. Bacon
As tuitions climb ever higher and the wage premium for a college degree has plateaued, an increasing percentage of Americans — especially younger Americans — consider their diplomas a waste of money, concludes Indeed.com, an online job site, on the basis of a new survey.
Twenty percent of Baby Boomers considered their college degrees worthless, but the percentage increased to 41% for Millennials and 51% for Gen Z, found the poll, which queried 772 U.S. adults who are employed or seeking employment and have an associate degree or higher.
The high cost of higher-ed means that half of all respondents (52%) were saddled with student debt. Unsurprisingly, those with higher debt burdens were more likely to question the value of their degrees.
“The combination of stagnating wage benefits, skyrocketing costs, degree saturation, and debt may explain why younger generations increasingly question whether college is worth it,” states Indeed’s analysis. “The traditional promise of higher education simply doesn’t align with the reality many younger professionals experience.”








