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Press Room

Press Releases

08/30/2006

Inflation and Cost of Living Forces Professionals Back to College
According to a recent in-depth article on WorldWideLearn.com, soaring inflation and Consumer Price Index increases are sending increasing numbers of professionals back to school. With inflation at almost 4 percent for most of 2006, a rising number of professionals with college degrees are now returning for a master's or graduate degree to help their earning power keep pace.

(PRWeb) - August 30, 2006 -- A recent feature article on WorldWideLearn.com explores how professionals going back to college to pursue master's degrees are combating rising inflation and cost of living (http://www.worldwidelearn.com/education-advisor/indepth/is-your-college-degree-competitive-in-today-tough-job-market.php). The Consumer Price Index has increased by 4.3 percent since June 2005, and inflation has been at almost 4 percent for the first half of 2006. The extra $16,000 in salary (on average) that an advanced degree can yield for one earner in a household can make a huge difference in the family budget.

The U.S. Bureau of Labor Statistics (BLS) reports that people 25 and older with college degrees increased by 20 million (almost a 50 percent jump) between 1992 and 2004. With the job market now saturated with workers with bachelor's degrees, an advanced degree may now be necessary to distinguish an employee from their peers and help their promotion to management positions.

According to Steven Jones, Managing Producer of WorldWideLearn.com, "Many people are returning to or staying in school to pursue advanced degrees for financial and job security." He also stresses the importance of thoroughly researching a master's degree program, and he notes that, "returning students are choosing online and part-time master's degree programs to accommodate work schedules and family commitments."

According to the Bureau of Labor Statistics, an estimated 40% of today's college students are 25 years or older, suggesting that many people are returning to colleges nationwide to earn an advanced degree or get a higher education. WorldWideLearn.com addresses the needs of adults considering a master's degree by offering extensive resources to locate and research accredited campuses and programs.

WorldWideLearn.com is the world's premier directory of education, featuring informative resources, more than 2,500 online courses, over 1,600 online degree programs, 200 online universities, and 2,300 campus-based career college programs. WorldWideLearn.com receives thousands of visitors every day and has been featured on MSMoney.com.