More kids go to college. More get into
debt. More of their parents are going broke financing their
education.
According
to the National Assessment of Adult Literacy, the percentage of
college graduates’ ability in literacy had declined from 40% to
31% in the past decade. About 20% of college seniors did not have the
ability to estimate whether their car had enough fuel to get to a gas
station.
But
more kids and parents can show those fancy diplomas to friends and
relatives. So I guess all is not lost after all? (See the Earl J
Weinreb NewsHole® comments and @BusinessNewshole tweets.)
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