Is a degree the answer to reducing poverty?

In 1960, 7.7% of adults above the age of 25 had a degree, today 37.5% over the age of 25 have a degree. Almost 40% of 25 and older have a degree, yet poverty remains unchanged. Is a degree really necessary to make a good wage? Is a degree valuable in the workplace? Just something I stumbled across and questioned.

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Northwest · M

It depends on the degree. For some jobs, especially in the technology, financial, and medical fields, a degree is required. It's not a formality, you need that kind of education to be able to do the job.

If you want to flip burgers, or fix HVAC units, then no.