Americans’ confidence in the higher education system is dropping, according to a recent Gallup poll. Amid rising tuition costs, college admissions scandals, and billionaire dropouts flaunting their lack of degrees, it’s easy to understand why.
But despite growing skepticism, an analysis of Gallup data from the past 45 years reveals a pretty stable belief in the importance of a college education, suggesting that although some people recognize flaws in the system, they still view college as key to upward mobility. And recently, the difference in median wages between high school and college graduates increased to a glaring $23,000 per year.
