Graduates will have to work well into their THIRTIES before they can reap the financial benefits of getting a degree, according to new research that will make many parents and teenagers question the value of university for some degrees.
This is espeically true when you figure in the value of 401(k) and IRA investments. Four to six years of even meager contributions to a 401(k) account that generates a ROI of even close to the market average can account to over a hundred thousand dollars by retirement. There's a good graph of this effect at Fool.com:
The Birds 'n' Bees of Your 401(k)
What this article does not take into effect is the ability to compete for jobs in a down-turned economy which we have not seen in recnet years It also does not account that some degress have much higher averages than other. While liberal arts degrees are only averaging about $30K a year, chemical engineers are starting at about $56K.
Most lucrative college degrees
At this difference, I think despite missing out on the 4-5 years of compound interest on retirement savings the higher earning degrees can overpower this loss by larger savings contributions.
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