The Value of a College Degree Declines

The Connecticut Post reports:

If you have a high school degree or more and feel as if your income doesn't get you as much as it did five years ago, you're right — and it's inflation and the global economy at work.

According to the U.S. Census Bureau's Report on Educational Attainment in the U.S., the median income between 2000 and 2005 for people with degrees ranging from high school diplomas to doctorates didn't keep pace with inflation. Only workers without high school degrees earned about the same — in inflation-adjusted dollars — in 2000 as they did in 2005. This bit of information can be ferreted out of the bureau's report, released Thursday, but it isn't one of the statistics highlighted in a press release.

Is the law of diminishing returns in education kicking in?? It might be.No word yet from the big education lobby who keeps telling us what a great deal a college degree is.