Survey: Two-thirds of American employees regret their college degrees

(CBS News) — A college education is still considered a pathway to higher lifetime earnings and gainful employment for Americans. Nevertheless, two-thirds of employees report having regrets when it comes to their advanced degrees, according to a PayScale survey of 248,000 respondents this past spring that was released Tuesday.


Student loan debt, which has ballooned to nearly $1.6 trillion nationwide in 2019, was the No. 1 regret among workers with college degrees. About 27% of survey respondents listed student loans as their top misgiving, PayScale said.

• Two-thirds of employees report regrets about their advanced degrees, as Americans question the high cost of higher education.

• Student loan debt has ballooned to nearly $1.6 trillion nationwide in 2019, topping the list of regrets for employees.

• Science, technology, engineering or math majors, who are more likely to enjoy higher salaries, were least likely to report regrets, while those in the humanities were most likely.

Read more on CBS News. 


SOURCE
https://www.investmentwatchblog.com/survey-two-thirds-of-american-employees-regret-their-college-degrees/