""A lot of these degrees are maybe not as valuable as they once were. Having flexibility in those dollars is what parents are looking for.""
""The value proposition of a four-year college degree is falling. Recent college grads are facing recessionary circumstances: 5.6% unemployment, surpassing the rate for all workers.""
""Homeownership-the ultimate promise of the modern American dream-is growing out of reach.""
A study by Northwestern Mutual reveals that over half of parents are willing to assist their children in purchasing homes, with 22% already doing so. Many parents now view home buying as more crucial than college funding, with 29% prioritizing it. The declining value of college degrees and rising unemployment rates for recent graduates contribute to this shift. Additionally, the threat of AI-induced recession and soaring home prices make homeownership increasingly unattainable, prompting parents to rethink their financial support strategies.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]