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A majority of Americans don’t think earning a college degree is a prerequisite for getting a high-paying job, according to a Pew Research Center report released Thursday.
“Only one in four U.S. adults say that earning a four-year college degree is extremely or very important to obtaining a high-paying job in today’s economy,” the center said in the report. reportThe company cited a survey of 5,203 U.S. adults conducted in November and December 2023.
Nearly half of survey respondents said having a four-year college degree is less important for getting a high-paying job than it was 20 years ago.
The findings from the US think tank come as a growing number of young Americans are starting to lose interest in higher education.
Last year, BI and market research firm YouGov surveyed more than 1,800 Americans across five generations.
According to the survey results, 46% of Gen Z respondents believe that going to college isn’t worth the cost, and only 39% of those surveyed said they feel it is important to further their education.
The lukewarm response to higher education shouldn’t surprise many, given how expensive college tuition has become.
The surge in debt among college graduates has prompted government intervention, and President Joe Biden has approved multiple rounds of debt relief for borrowers since taking office.
“After 70 years of policymakers, social commentators and community leaders saying hymnbook-like things about how you have to go to college to succeed in America, that headline, that premise has been overturned,” Harvard Business School professor Joseph Fuller told BI’s Ayelet Shefee in December.