In 1971, you'd have to work 46 weeks for minimum wage to pay for a year of private college in the US.
📈 In 2018, you'd have to work full-time for 168 weeks to afford a year.
What are some other mind-boggling stats about college & money?
Here are some things to kick it off...
📈 Trump voters are less likely to have a college degree.
And the correlation gets stronger with increasing annual income.
📈 College tuition has outpaced how much people earn by almost 10x.
I'm not surprised why more people are asking if going to college is necessary.
📈 The number of weeks you have to work minimum wage (full-time) to afford a year of college (1971 vs 2018):
Private: Grew from 46 weeks to 168 weeks (265% increase)
Public: Grew from 22 weeks to 77 weeks (227% increase)
📈 Between 1980 and 2020, college tuition has inflated 1184%. Overall inflation has increased 228%.
📈 The Education space projects the least life-time career earnings of about $2m (median).
Whereas Economics and Chemical Engineering top the list (with a median of $3.4m and $3.7m respectively).
More majors here:
📈 The cost of college has doubled from 1971 to 2020 (in 50 years).
Here is a graph that shows the progression over time:
📈 On average, an Architecture major spends 23.7 hours studying per week.
The lowest (in a 2011 study) was 10.8 hours per week for a Speech major.