Lowest Paying Jobs Requiring College Degrees

College loans now total $1.5 trillion and are restricting many from homeownership, which still proves to be the largest store of wealth for the typical U.S. household.  Unfortunately, having a job requiring a college degree does not necessarily equate to high income or attainment of wealth.

While most people work to attain a college degree for increased income, not all jobs requiring a college degree pay well.  Teaching, for example,  is indeed an honorable profession,  but by no means is it considered high-paying.  Everyone knows this when they study to teach.

To identify the lowest-paying jobs requiring college degrees, 24/7 Wall Street examined the 2018 median annual wage data from the U.S. Bureau of Labor Statistics.  Below are the 41 lowest-paying jobs requiring a college degree along with the forecast increase in the number positions from 2016 to 2026.  Just because the number of positions are expected to increase in the future does not necessarily equate to higher-paying salaries.

To read the entire study in USA Today by 24/7 Wall Street click https://www.usatoday.com/story/money/2019/09/04/worst-paying-jobs-for-college-graduates/40033329/

As an economist,  I hope all people are economically successful, but the field of  study at college and position taken will impact their earning ability.  Research into expected-realizable income should be a prerequisite prior to selecting and pursuing a college major.  To view median income for 809 differing positions  click https://data.bls.gov/projections/occupationProj    I would hope that every parent, grandparent and relative forwards this link to all college students so they can be as informed regarding their collegiate and career choices as possible.

Ted

 

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