75% of Americans regret having graduated

Higher education is still considered in the United States to be a path to higher earnings and a better life for those who don't have it than those who don't. Still, two-thirds of working Americans reported regretting their degrees, according to a survey of 248 respondents.

Фото: Depositphotos

The student loan debt, which grew to almost 2019 trillion dollars in 1,6, was the number one reason why US residents regret getting higher education, writes CBS News. According to the PayScale project that conducted the survey, about 27% of respondents called student loans their main concern.

On the subject: Bernie Sanders intends to write off all debts on student loans to Americans

About 70% of students graduated from colleges with student loan debts this year, the average amount of debt is about 33 000 dollars per student. Since those who graduated relatively recently, repay the remnants of student loans, they are trying to save money for this, often postponing the purchase of real estate. Some millennials even have problems with the purchase of products due to student debts.

And this doesn't just apply to millennials. Baby boomers—children of the 40s and 60s—are also taking out student loans, either to cover the costs of their children's college education or to retrain themselves to work in new automated workplaces standardized to modern ones. working conditions. Some Americans ages 62 and older are using their Social Security benefits to pay off more than $86 billion in outstanding college loans.

What people with higher education regret

Following debt in the list of regrets is choosing the wrong major (12%), followed by poor networking, choice of school, too many degrees, time spent on completing education and academic lag.

Most satisfied are those who have received scientific, technological, engineering and mathematical specialties, who, as a rule, are more likely to bring a higher salary to their owner. About 42% engineering graduates and 35% graduates in computer science departments said they did not regret it.

Higher education is most often regretted by those who have mastered the humanities, who are less likely to bring higher wages after graduation. About 75% of graduate students said they regret college education. About 73% of graduates who studied social sciences, physics, and natural sciences, as well as art, said the same thing.

On the subject: How to finish university in the USA without a debt on the student loan

Between the two categories were 66% of business school graduates, 67% of graduates who studied medical and sanitary disciplines and 68% of graduates of mathematical faculties who said they regret their education.

At least one employment sector bucked the trend: teachers and other education professionals, who typically don't make much money, came in second behind engineering majors, who have "virtually no" regrets about their education. 37% of them said that they did not regret their diploma at all.

Generational difference

Older Americans more often reported that they did not regret their higher education. Among the baby boomers (1946-1964 years of birth) 51% said they did not regret going to college, which makes them the only demographic group, most of whom have no regrets about this. Only 37% of the representatives of Generation X (1965-1979 years of birth) said the same thing, and almost 29% of millennials (1980-1995 years of birth).

Millennials, who are most disappointed with their college education, are also the most likely to regret student loans—about 29% of them expressed this thought, while 26% of Gen Xers and only 13% of Baby Boomers regret their student debt.

Read also on ForumDaily:

Bernie Sanders intends to write off all debts on student loans to Americans

20 professions in the USA with the fastest growing wages

10 Important Questions about Higher Education in the USA

Presidential candidate will submit a bill on student debt cancellation to Congress

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.