Student Loan Debt Sours Public Opinion On College Degrees' Worth, Consumers Prioritize Retirement Savings Instead

Fewer Americans believe going to college is worth the ball and chain of student loan debt. In 2008, 81 percent of adults thought college was a good investment. That number dropped to 57 percent, according to a national survey of 3,000 Americans commissioned by Country Financial and compiled by Rasmussen Reports… Regardless of public opinion, a college degree is more closely linked to a comfortable life than ever before. In 2010, 62 percent of jobs required a degree beyond high school, but that’s expected to increase to 75 percent by 2020. The earning power of those degrees will vary greatly depending on one’s major. The Country Financial survey found most people believe parents should be responsible for paying at least part of their children’s college education, but most adults are prioritizing retirement savings (45 percent) over college savings (38 percent), according to the survey.

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by Tyler Kingkade, The Huffington Post.

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