How many people actually use their college degree?

"In addition to dealing with financial insecurity, only 46% of college grads surveyed say they currently work in their field of study. 29% report working in a different field, while 16% of those under age 54 (and therefore not likely retired) say they are currently unemployed.

Do most people use their college degrees?

Despite the current hot job market, less than half of recent graduates, 47%, have been able to secure full-time employment in a job related to what they studied in college. Haller notes that working in a field outside of their area of study can still be beneficial to college graduates.

What percent of college degrees go unused?

Interestingly, 38.6% said they weren't using their degree in their current profession. And 16.6% said they'd dropped out of college before obtaining their degree.

How many people actually finish their degree?

The most recent data shows that, as of 2022, only 62.3 percent of undergraduate students in the U.S. completed their degree programs within six years of enrolling.

How many people actually have a college degree?

As previously stated, around 44% of Americans 25 and older have attended college and completed their degree programs. The grand majority of these degree-holders possess a bachelor's degree. 35% of those over 25 have a bachelor's degree or higher.

Ultimate Guide To Choosing A College Degree

What is the most educated race in the United States?

Of the graduates, 56% enrolled in a college program and 29% went on to graduate college. Key takeaway: Asian/Pacific Islander students had the largest high school graduation rates of any race/ethnicity in 2014, 89% followed by white students.

What age do most people finish their degree?

Which would suggest, since the majority of students enroll in undergraduate studies at the age of 18, that the average age at which a student in the US achieves an undergraduate degree is (18 + 5.7) 23.7 years old.

How many people without a college degree are successful?

Based on these findings, those who become highly successful without college education appear to be in the minority, roughly 6 percent.

Are degrees useful anymore?

College graduates still earn higher wages and have lower unemployment rates than workers with only a high school diploma. However, industries that don't require a bachelor's degree, like manufacturing, construction and hospitality, often pay well and see steady economic demand.

Do degrees matter anymore?

According to research from Georgetown University, the lifetime earning potential of a worker with a bachelor's degree is $2.8 million. Without a degree the expected earning power is $1.6 million. But in a study of universities in Massachusetts, college graduates were found to earn no more than high-school graduates.

Are college degrees becoming obsolete?

Some companies are already well on their way there. Fortune 500 companies including Google, IBM, and Apple, have eschewed their longstanding degree requirements. It shows: In November 2022, just 41% of U.S.-based job postings required a bachelor's degree, per an analysis from think tank Burning Glass Institute.

Are college degrees losing value?

College seemed like a reliable runway to a life of comfort and affluence. A decade later, Americans' feelings about higher education have turned sharply negative. The percentage of young adults who said that a college degree is very important fell to 41 percent from 74 percent.

Is a college degree worth it in 2023?

So it's pretty clear. The big picture: a college degree still offers a strong return on investment for most people. It's a shot at better jobs, more money, and a happier, longer life. Of course, the upfront costs are still a major challenge.

Are roughly 53% of recent graduates unemployed or underemployed?

The fact is that approximately 53% of college graduates are unemployed or working in a job that doesn't require a bachelor's degree. It takes the average college graduate three to six months to secure employment after graduation. A student benefits from having a career-seeking strategy and previous work experiences.

Is 27 too late to get a degree?

It is never too late to go to college or benefit from the advantages of a postsecondary degree.

Is 30 too late to get a degree?

Going back to school in your 30s to earn a certificate or degree can seem daunting, but it's never too late to go back to school. Especially when you consider the opportunities a college degree or certificate can unlock.

Is a degree worth it at 30?

Completing your bachelor's degree can oftentimes directly result in a salary increase. According to a study conducted by The National Student Clearinghouse Research Center, finishing your degree can get you on the track for a promotion, earning 46 percent more than those who have some college work, but no degree.

Which degree is rarest?

What is the most unpopular degree?

Among the least common majors in the US between 2020 and 2021 was Architecture and Related Services with only about 9,296 students earning their degree in the major. The area of study focuses on engineering, art, drawing, designing, the theory of design, layouts, and the history of architecture.

What is the easiest major?

What race is least likely to graduate?

Black college students have lower six-year completion rates for any type of degree or certificate program than any other racial or ethnic group because of racial discrimination, the high cost of higher education and a multitude of external responsibilities, according to a new Lumina Foundation-Gallup 2023 State of ...

What race holds the most degrees?

College degrees are increasing among all racial and ethnic groups, but white and Asian Americans are far more likely to hold a college degree or earn one than Black, Hispanic or Native Americans.