A college degree is no longer always the best pathway to the middle class. That might be a good thing

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A college degree is no longer always the best pathway to the middle class. That might be a good thing

For decades, higher education and a bachelor’s degree have been viewed as crucial, near essential stepping stones to the sorts of earnings that would grant someone access to the middle class and beyond. But more than half of Americans still have not, and likely will not, receive four-year degrees; in 2021, college enrollment actually declined.

Part of this drop is surely due to the pandemic, but deeper trends persist: Tuition costs have increased by more than 500% since the 1980s, and many students end up with student loan debt that takes decades to pay off. At the same time, businesses are hiring and wages are rising, so the cost of taking time off work to earn a degree is higher, too. It’s no wonder that many Americans seem to be questioning the value of a college degree.

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