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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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Handfull1 · 61-69, F
It’s definitely not a requirement but necessary in many fields. I don’t think one size fits all. More important are work ethic, determination to learn, finding a career one can be reasonably happy doing, etc. Advanced education can help that goal but no guarantees.