As the college degree loses its shine for many Americans, the economy still favours it
America's economy shows a K-shaped divide, with wealthier households benefiting more. New York Fed data reveals college graduates' spending grew nearly 6% versus 4% for non-graduates, highlighting education's link to economic participation. This spending gap persists, reinforcing income stability and job security tied to degrees, even as college value is debated.
America's economy shows a K-shaped divide, with wealthier households benefiting more. New York Fed data reveals college graduates' spending grew nearly 6% versus 4% for non-graduates, highlighting education's link to economic participation. This spending gap persists, reinforcing income stability and job security tied to degrees, even as college value is debated.
