Is It Worth the Money to Get a College Degree? Lets Do the Math and Find Out!

[spohara]

Few people can save $20K a year. The vast majority of the US population lives paycheck to paycheck.

Was earning a college degree worth it? My husband received a 6% raise after he received his degree last year and is now changing jobs at his employer. They are using his newly learned skills. Was it worth it? He thinks so.

I agree that few people DO save, but to say it is NOT POSSIBLE is a bridge too far in my book.  The stats in the OP tell the tale.  People are surviving on $20k less than what college grads get.  If the average college grad lives with the average lifestyle of a non-college grad, they can literally just pocket the extra.  They are slave to their choices (want to live in a nice part of town with fancy cars, blow money on eating out, maybe racked up more student loan debt than was necessary because they didn't visit DegreeForum before going to school).  Have to inoculate against lifestyle creep.  That is for the majority.  Of course there are always rarer exceptions where making more money or spending less has become impossible for other reasons.