Exploding student debt and increased competition have made earning a bachelor’s degree a less likely path to financial security, Bloomberg reports. While more Americans than ever have the four-year degree — about one-third — they made less last year in real terms than in 1990, according to a New York Federal Reserve survey. While eight in 10 baby boomers say the value of their degrees outweighed its cost, only half of those under the age of 30 felt the same.
