recession-lost-generation-cnnmoney: Personal Finance News from Yahoo! Finance Signs of a broken system?
Those troubling stories raise anew the question about the value of higher education. I found this story in The Economist insightful: Higher education: Is it really the next bubble? | The Economist One idea explored in the story is that college education is still valuable. The 2009 unemployment rate was 9.7% for high school grads; 5.2% for college grads with BAs. The other side of the coin is cost: Tuition is getting too expensive for some people, and we are perhaps seeing a "bubble" in education similar to real estate. Yet another story suggests that private businesses in health care and education contributes to bubbles: Higher-education bubble: Blowing up grad school | The Economist Both stories intend to stimulate a dialog on the issues rather than provide answers. I tend to like the idea of a young person getting a Masters in a chosen field, then getting a Masters in finance/marketing. Then starting a business rather than seeking employment. Why push someone else's cart? And you can't fire yourself.
