 What's happening guys? It's Shane. So basically this was a requested video. It's going to be a real quick one. Somebody sent me an email asking me if I can go over this study by gobankingrates.com and basically they had a study where they polled a bunch of different people who graduated college and asked them if they thought it was worth it as well as a bunch of other really interesting and related questions. And overall about 42% of them said that college was not worth the student debt that they accumulated, which is insane. And of course that number has been steadily going up over the years as college has gotten more expensive and in this video I'm going to go over why that is and I'm going to go over the study and just talk about some of the most important nuggets that you can get from this study. So at the time of this study the total amount of student debt here in the United States was a little over 1.5 trillion. I believe since then it's gone to around 2 trillion or so. So it's growing at an extremely fast pace. And like I said in this study they basically asked a bunch of people if their student debt was worth they're getting the degree. And as you can see here in this table about 41.6% of them said no. Now the results of the survey also showed that although Americans don't necessarily regret going to college, they definitely regret the cost of going to college. So they liked their college experience. They probably had a great time. They made tons of friends and all that good stuff. But unfortunately they had to accumulate a ton of debt in order to have that experience. Now there are several really interesting things about this study and nuggets that you can take away from it. So what they did here was very clever. They actually broke down the respondents by age group and they found as you know the ages got higher and higher more and more people thought that college was worth it. I'm 30 years old. None of us are enrolled in the college. So for instance 25 to 34 year olds only about 65% of them thought it was worth it. Whereas if you get up to the 65 and older group about 90% of them thought it was worth it. And this makes sense because back in the day not only was college a lot cheaper but there were a lot more opportunities that were opened up to you. You could basically get any degree and it meant that you were going to have a really good stable job for the rest of your life. Now as we all know that's not necessarily true anymore. So I think if they polled people who have graduated say within the last 10 years or so maybe 15, 20 years at the most that 42% of people that thought college wasn't worth it would probably be a lot higher. Now another really interesting thing about this study is a significant amount of people about one fourth of the total respondents indicated that they would have chosen a different major. And considering that 60% of them who are asked this question shows none of the above as an answer it's probably a lot higher than 25% in reality. They just didn't quite give enough details and the answer choices. And so a lot of people didn't really have a really good response. Now unfortunately they didn't exactly break it down into further details in this study but I've talked about it in other videos and I've seen a lot of other studies on this where they actually break down the amount of regret by the person's major. So you know if somebody got a computer science major how many of them regretted it versus if somebody got an arts or a fine arts major how many of them regretted it. And as you can imagine many more of the people who got these liberal arts degrees these fine arts majors had huge regrets later on because they simply could not find a job and the few jobs that were out there had crazy amounts of competition without being paid very well. That's all I got a request for this so I just wanted to quickly go over the video make sure to check out my other videos right here go ahead smash the like button hit the subscribe button and ring the notification bell and then comment down below any ideas you have or thoughts or comments on this video thank you so much and bye for now