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Is college actually worth it anymore? Gen Z isn't sure, study says

Is college actually worth it anymore? Gen Z isn't sure, study says

New York Post4 days ago
Is college becoming obsolete?
A survey of 1,000 full-time Gen Z employees across the US, conducted by ResumeGenius, found that a good number of these young adults wish they'd pursued a different degree — or not attend college at all.
According to the survey, about one in four Gen Zers said they regret attending college or wish they had chosen a higher-paying career path.
Many young adults are starting to question if their college education was worth it.
Seventyfour – stock.adobe.com
'Many Gen Z students feel they were told college was the only path, only to see people with strong degrees underemployed or overlooked,' Tallo CEO Allison Danielsen told Fortune.
Adding, they're 'questioning whether college still delivers real value.'
Tallo, a career consultancy company, surveyed more than 2,000 participants aged 18 to 30 and found that 62% of young adults said they aren't in the career they intended to pursue.
25% of those surveyed said they are actively struggling to find a job in their industry of choice — which is making them wonder if getting a college degree was worth it.
It's not easy for today's college grads looking for work.
shapovalphoto – stock.adobe.com
Not all Gen Zers are unhappy — the ResumeGenius survey found that about a third of workers from this generation were content with their career choice.
49% of those who are actively looking for a job feel their college education has lost value in the job market thanks to AI, according to an Indeed report.
As AI continues to evolve, it's clear that many of the traditional entry-level roles, often seen as stepping stones into the workforce, are rapidly being automated.
'Entry-level jobs tend to involve routine, well-defined tasks — exactly the kind of work current AI systems are best suited to automate,' Professor Daniela Rus, the Director of Computer Science and Artificial Intelligence Laboratory at MIT, told Newsweek.
Experts argue that while some of these roles might not disappear entirely, they are evolving into something unrecognizable.
For Gen Z, this transition could wipe out or change the roles they expected to apply for. However, their chances of being employed aren't completely deleted — they just might need to adapt to using this new technology.
Experts claim digital nomads' familiarity with technology, particularly AI, could make them valuable assets in this new era.
'The advantage Gen Z has is that they are digital natives. They are well-positioned to work alongside AI, not in opposition to it,' Rus told Newsweek.
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DOGE AI Tool to Target 100K Federal Rules for Elimination: Report
DOGE AI Tool to Target 100K Federal Rules for Elimination: Report

Newsweek

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  • Newsweek

DOGE AI Tool to Target 100K Federal Rules for Elimination: Report

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Do you need $1 million to be financially 'comfortable'? Answers here.
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USA Today

time11 hours ago

  • USA Today

Do you need $1 million to be financially 'comfortable'? Answers here.

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Most American households are not particularly wealthy A net worth of $839,000, the cutoff for financial comfort in the Schwab survey, actually falls below the average net worth for American families in 2022, which was roughly $1.1 million, according to the federal Survey of Consumer Finances. But the super-wealthy skew that average. The median household net worth – think of it as the middle figure in a long list of numbers – is only $192,700. Lili Vasileff, a certified financial planner in Greenwich, Connecticut, defines financial comfort as essentially never having to worry about money. 'Comfortable, to me, means that I can meet my bills every day of the week, that I don't live paycheck to paycheck, that I have savings set aside as an emergency fund, and that I have made good progress toward achieving my financial goals,' she said. Being wealthy, she said, is about financial freedom and loftier goals. 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Social Security COLA for 2026 and Beyond: What Seniors Want
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Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. American seniors are frustrated with how Social Security adjusts for inflation, and they want change. A new report from The Senior Citizens League (TSCL) shows a clear demand among retirees to improve the way the annual cost-of-living adjustment (COLA) is calculated. According to the group's latest survey of 1,92 individuals over the age of 62, 34 percent of respondents identified updating the COLA formula as their top policy priority for enhancing Social Security benefits. And when presented with specific policy options to raise future COLAs, seniors overwhelmingly supported a shift to a more targeted inflation measure. Currently, the Social Security Administration (SSA) calculates COLA based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). This index tracks inflation using the spending habits of younger, urban workers, not retirees. Since 1975, COLAs have been applied annually based on CPI-W data gathered during the third quarter of the year (July through September), with the goal of ensuring benefits rise in line with everyday costs, such as housing, food, and medical care. This year, benefits rose by 2.5 percent. The TSCL, based on current CPI-W readings, expects the 2026 COLA to increase slightly to 2.6 percent. However, regardless of the boost, for many retirees, that formula no longer works. According to the TSCL survey, 68 percent of seniors support replacing the current CPI-W model with the CPI-E, or Consumer Price Index for the Elderly. Developed by the U.S. Bureau of Labor Statistics, the CPI-E is an index that tracks the spending habits of Americans aged 62 and older, focusing on the types of goods and services seniors typically use, such as health care, housing, and prescription drugs. "CPI-E is designed to better reflect the spending habits of people aged 62 and older," Colin Ruggiero, co-founder at told Newsweek. "It gives more weight to health care and housing costs which are two of the fastest-growing expenses for seniors. Switching to CPI-E would make COLAs more relevant and responsive to the real financial pressures seniors face." Chris Motola, a financial analyst at told Newsweek: "The main advantage of CPI-E would be to more heavily weight health care and housing costs in COLA calculations, both of which tend to disproportionately eat into seniors' budgets." Another popular idea is making up for what's already been lost. The TSCL survey found that 57 percent of respondents support a one-time "catch-up" COLA payment to compensate for years when benefits failed to keep pace with actual living costs. Composite image created by Newsweek. Composite image created by Newsweek. Photo-illustration by Newsweek/Getty/Canva "A catch-up COLA would be a recognition that past adjustments haven't kept pace with reality," Ruggiero said. "While it's feasible, it would require congressional approval and carry a hefty budgetary cost. Politically, it could gain traction as a way to restore fairness, especially if framed as a correction rather than a new ongoing expense." Still, the limits of these proposals are clear. While COLA reforms could help stabilize seniors' purchasing power, experts caution that they won't fix everything. "Adjusting the COLA is a great start, but it's not the cure-all," said Ruggiero. "We also need broader reforms to strengthen the entire retirement system, including benefit adequacy, solvency, and support for low-income seniors." Motola agreed: "It would go a long way, but again, a major problem is that Social Security isn't really meant to carry the burden alone. We've made it very difficult for people to save money for retirement, and the loss of pensions has placed enormous stress on the system."

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