College Studies, Forward or Backward
What will your child do, study forward or backward?
That's the million dollar question.
No, it's four million!
Clearly not enough effort or forethought goes in to choosing a college study plan. Students are choosing majors that "sound cool"; or they choose a major that mom or dad suggests based on their perspective, which is typically outdated. Outdated means that it relates to jobs of the past, not jobs of the future. The result is that students are studying for non-growth jobs with lower income opportunity.
In a recent study, it is revealed that only 25% of college graduates get jobs related to their college studies; 25% are unemployed; and 50% are working jobs that don't require a college education. Well, that's rather alarming, but not surprising.
Read all about this and much more in our new book- Dissecting the Big Business of College
For saving college costs, here's our Strategy # 9- Study forward, it’s about the 2020’s
Studying–backward refers to studying for jobs from the 1990’s, the jobs being occupied by 45-year-olds who intend to keep them for another 20 years. Studying-backward will likely result in underperforming career earnings.
Many of the old job classifications come with more competition for fewer openings, which means lower starting pay and slower income growth. Therefore, it can be estimated in some cases that lifetime earnings for those studying-forward could accumulate in $4,000,000 additional income over those studying-backward. That gets my attention! How about yours?
Studying-forward seems college logical to me! Studying the wrong major is a family budget crusher, career blaster, and seems illogical to me.
Our student-families save thousands on college costs, and you can too. All you have to do is want to, and ask us how we can help.
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