Financial Success After College

With regard of college students having a difficult time being able to pay off their student debt, its affecting how they’re not able to transition into adulthood after college. Student debt has been forcing countless college graduates back home with their parents (Houle, & Warner, 2017). A research study looked at different variables that was causing this to occur. They looked at different backgrounds and social class and how it effects who will be able to transition into adulthood and those will not be able to (Houle, & Warner 2017). They examine this occurrence by gather information through survey and longitudinal studies on college graduates. The participants were all born between 1980-1984 who went college. There were 4,578 participants

A point often overlooked by Owen and Sawhill is the topic of the rate of return on education- how much more earnings those who attended one more year of school received. By comparing identical twins with a difference in education level, records have sown that these earnings are increased by ten percent. They discuss that the “raw difference between high school graduates and associate’s degree holders is about $7,000, but a return of 10% would predict the casual effect of those additional two years to be $6,000” (210). Furthermore, the cost of college is also a vital factor; someone who has to pay a large amount in order to attend their college of choice will end up having a lower net benefit. When a young adult

In 1980, Americans with a college education earned 30 percent more than a high school graduate, whereas in recent years, people with a college education earned roughly 70 percent more than a high school graduate. (582). They argue that the average income for a person with a higher education continues to increase. Additionally, the lower class will see a raise in their income and in turn, that will raise the overall standard of living. Meanwhile, “the premium for having a graduate degree increased from roughly 50 percent in 1980 to well over 100 percent today.” (583).

Today in society the determination for a college degree lies beyond education towards future financial security. While college debt seems to be ever increasing, students from low-income families are less likely to attend college due to the financial hardship. The social class that a student’s family falls into shows correlation on whether that student will or not attend college (Peske & Haycock, 2006). However, looking at this issue from my own prospective it seems as though no matter the social class students are attending college. What more so seems to have an affect on outcomes for individuals is how there family’s social economic status effects how well a student performs in college. For a student from a low-income family nothing can seem more daunting than the overwhelming amount of debt we have to pay after college.

The United States has developed a set of economic circumstance in which it has not seen in quite some time; with regard to some factors it has never seen such circumstances. For example, student and credit card debt has reached unprecedented heights. This is also coupled with a slow jobs market as well as a lack or inability to save or invest for retirement. In this environment, the younger generations face an incredible hardship if their finances are not planned accordingly. Therefore, the prudent student will likely be far ahead of his peers financially. Whereas the value of a higher education was once clear, in today's environment

For many families, the idea that higher education for themselves or their children will automatically improve their social or economic status is a common one. In many situations this can be the case, however it is not universal. Additionally, many factors come into play when analyzing how intergenerational mobility does or does not occur. Some of these factors include existing social class, field of study, undergraduate vs. advanced degrees, race or gender, selection of institution, and parental resources. The general hypothesis of this study is “Is a College Degree Still the Great Equalizer?”

In her article, she points to a survey conducted by the Workforce Solutions Group at St. Louis Community College which found “that more than 60% of employers say applicants lack “communication and interpersonal skills” — a jump of about 10 percentage points in just two years.” And according to an employer survey taken by the staffing company Adecco, “44% of respondents cited soft skills, such as communication, critical thinking, creativity and collaboration, as the area with the biggest gap” (qtd. in

In the 21st century the public is manipulated into believing that, in order to succeed in a career you need to enroll in college. Students that attend college have to pay for tuition, classes, and books every year, which can add up rapidly. Once you receive your diploma, you’re already in debt. Another option besides going to college, would be to head straight to the work force. Once you go work, you have income coming in. Eleni Karageorge explains that “Majors providing technical training earned the highest return” (1). There are certain majors where you will earn more than you spent. “Engineering majors earned the highest return” (Karageorge 1). Society

Using interpersonal communication when dealing with careers is staggeringly important. In the work force being intelligent isn’t enough anymore. If a person is unable to communicate well with their coworkers and the people charge of them, they will not be

Largely because of the $1.3 trillion worth of outstanding student loan debt in the United States, most young adult college graduates are in stressful, limiting, and precarious situations as they attempt to launch their lives into adulthood. Indeed, some have dubbed the Millennial generation the “boomerang generation” because after college so many graduates are moving back in with their parents rather than getting their own homes and beginning their own independent paths (Austin 329). Some studies show that as many as one half of college graduates are either unemployed or underemployed, the latter meaning either part time work

I think that people become an adult when, they establish a financial independence. For some high school graduates who don’t go off to college and the others who do not finish high school, the students are likely to occur financial independence sooner than it is for the college students. Some students find their financial independence through part-time jobs, full time employments, or learning a trade, which is plumbing, and carpentry. These students can also start their own business. Teenagers can join the military, and what the military service do is, pave away to adulthood in several ways (Kelty, Kleykamp, & Segal, 2010). However, even the college-bound students that want to establish a financially independent, its increasing college graduates

The cost of living has become unaffordable, causing most people to start or end their lives later than planned. Even if a student graduates from a high-end university with an impressive degree it may guarantee absolutely nothing in today 's society. Since the cost of living is so high, the next generation after to have no choice but to postpone retirement in order to keep a roof over their heads. With later retirement and overpopulation in the world, the post-millennial generation is not guaranteed a stable job anymore and even if they do have an amazing education, they still have the risk of becoming homeless. There is so much more to choosing a career than

Parents push their children to have more academic jobs and majors to improve their child's “status.” But when a student with high academic achievement chooses to have a vocational style job it is seen as unfortunate or even a waste of genius and intellect. Students should have the opportunity to be trained in whatever careers they want, even if it is a more vocational job like a trade instead of an academic job. If these students find these vocational jobs more meaningful than any academic job they should have the right to choose them because of their pursuit of happiness.

If a solution for student debt is not solved promptly, the economy will begin to feel the effects dramatically. A small portion of millennial generation college students states they would have been better off beginning a career earlier, instead of attending college. With the average tuition cost being substantially more than the average family can afford, fewer students are taking the next step and attending graduated schools (Haneman). With fewer students deciding to continue their education to a higher level, the economy could suffer from the loss of doctors, professors, and businessmen or women. Another consequence if student loan debt is not solved is entrepreneurship for the future of America. The millennial generation is the least

Growing up, as Tim Urban stated in his article; Why Generation Y Yuppies Are Unhappy “, we were raised “with a sense of optimism and unbounded possibility” (par 6). Moreover, what our parents didn’t tell us, is that we have to devote most of our entire life to achieve those possibility. However, our parents’ generation - the baby boomers, born in the 50s, raised by our grandparents. Were raised to “build practical, secured careers” (Urban par 4) But another for them to get to stable career they have to go through hard time, bad decisions and loss of love ones.