By 2020, 65% of all jobs will require postsecondary education and training beyond a high school diploma. But with the cost of college education, this is out of reach of many people.
A college degree has increasingly become something only available to the wealthy. The rest have to take out a student loan which makes it harder to amass wealth.
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Learn more about moneyandinvestments with this collection
The impact of opportunity cost on personal and professional life
Evaluating the benefits and drawbacks of different choices
Understanding the concept of opportunity cost
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Some people view wealth in terms of prestige and not dollars. They would rather have a job that requires years of education than learning a trade, even though they may earn less with their Master's or Doctorate degree.
But less than half of those who start college...
College degrees can add significant wealth. The more education you have, the more you’ll earn and the less likely you are to be unemployed. And if you can keep debt low while getting the degree (and there are reliable ways of doing this), then it’s almost guaranteed that getting a college ...
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