Go to a four year college so you can get the best jobs.
Oh wow that’s a good one! There was a time where it worked out great the vast majority of the time. Not so much now, definitely aged like milk
Nah, that advice is still correct. The 4-year degree provides a huge benefit over not having it.
It’s just that a lot of people don’t realize just how much shittier not having a degree in 2024 is compared to not having a degree in 1974.
So while the baseline has gotten worse, and the actual benefit of college has shrunk, it’s still easily worth the 4 year commitment and the tuition/opportunity cost.
The 4-year degree provides a huge benefit over not having it.
For average lifetime earnings.
So for some it may not provide a big help.
Counter-point: not everyone is cut out for a four-year degree*. Some people are better suited for trade schools. My wife worked at a university and saw a number of students that were attending just because family wanted them to, but their heart wasn’t in it. Often they’d drop out with student debt and no degree to show for it.
*or at least when they’re young
a number of students that were attending just because family wanted them to, but their heart wasn’t in it
There are probably an even higher percentage of those in trade schools or entry level trades roles. You can’t compare the worst outcomes in one category with the best outcomes in another, and should instead compare medians.
There’s also a lot of things that people ignored from this advice. No one said get literally any degree, art majors have been the source of unemployment jokes since before I was born. No one also said take 5-7 years or more to get the degree either.
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Now I make 230
Yeah the break even point is like the early 30’s, even among people who are killing it in either path.10 years of $100k+ in your 20’s won’t be able to build up enough of a buffer against $200k+ after 30, when retirement ages are around 60.
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Skip the line with a blue badge at amazon (not financial advice)
