I agree with you.

The problem is that many young Americans for the past 30+ years has been told that a bachelor’s degree is the prerequisite for a job that pays well enough to afford a middle class lifestyle, which I’ll define as being able to afford owning a home in a safe neighborhood and being able to provide for a household without living paycheck-to-paycheck.

What happens when a large number of college graduates enter a tough hiring market while they have five- (or even six-) figure student loan balances? It’s one thing to work at McDonald’s debt-free with a high school diploma; it’s another thing to end up at McDonald’s with tens of thousands of dollars in debt with a bachelor’s degree.

Of course, there’s more to going to college than career prospects, and there’s also the reality that no one is owed a job. Still, given the amount of adults struggling with paying off their student loans, it’s no wonder more people are reevaluating the economic value of going to college.

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pixl97 4 hours ago | parent | next [-]

All this states is expensive degrees aren't worth it, not paid for education.

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OGEnthusiast 5 hours ago | parent | prev [-]

> The problem is that many young Americans for the past 30+ years has been told that a bachelor’s degree is the prerequisite for a job that pays well enough to afford a middle class lifestyle, which I’ll define as being able to afford owning a home in a safe neighborhood and being able to provide for a household without living paycheck-to-paycheck.

Told by who?

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anonymouskimmer 2 hours ago | parent | next [-]

My anecdote isn't quite the same, but it's along the lines of many adults, not just one's parents: While in high school I constantly got the message on how important it was to stay in school and graduate with a high school diploma. Ironically I passed up the chance to have an associate's degree before my 18th birthday, because I absorbed this message so well that I prioritized high school graduation over the A.S.. It was years later (round about the time I finally finished that A.S. at the age of 29) that I realized the message hadn't been meant for me, but for the students who were at risk of dropping out of high school.

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tolerance 5 hours ago | parent | prev [-]

Well for starters, perhaps the older homeowners who live in safe neighborhoods and provide for [young Americans] without living paycheck-to-paycheck.

Their parents.

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OGEnthusiast 5 hours ago | parent [-]

Yeah that's unfortunate then, America has changed so much in the past 10-15 years that advice that was worth following for the previous generation is just totally useless for the current circumstances. I don't think the parents had bad intentions though, they were just overly-optimistic in assuming the prosperity they enjoyed would continue indefinitely.

	▲	tolerance 5 hours ago \| parent [-]
		> they were just overly-optimistic in assuming the prosperity they enjoyed would continue indefinitely. What worries me is how they came to believe this in spite of the last 10-15 years of change in the country…while possibly raising around 3 generations of high school graduates throughout.