Comparing Housing Bubble to Rising Cost of Higher Education Suggests Another Bubble Waiting to Burst – Here’s Why (+2K Views)

Lorimer Wilson March 14, 2012 Comments Off on Comparing Housing Bubble to Rising Cost of Higher Education Suggests Another Bubble Waiting to Burst – Here’s Why (+2K Views) 3,126 Views

Getting into a good university is not an easy feat and securing a job upon graduation in the current economic climate is not easy either…The biggest challenge for most university graduates, however, is paying off their education loan [which is] hardly surprising [given that] the sum of student debt is higher than credit card debt across the United States. It may sound preposterous that some have called higher education the next big bubble so read the following infographic, which compares the higher education bubble to the housing bubble, and decide for yourself. Words: 410

So says an article* posted on www.economywatch.com which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), has edited further below for length and clarity – see Editor’s Note at the bottom of the page. (This paragraph must be included in any article re-posting to avoid copyright infringement.)

The article goes on to say, in part:

According to Peter Thiel, co-founder of PayPal, the imminent higher education bubble bears striking similarities with the previous technology and housing bubbles. Comparing universities to commercial markets, higher education is a major investment with poor payouts and market failure, leading some to question how much they have overvalued higher education in America.

The higher education bubble may not have reached a crisis point yet, but it deserves more research and attention. Read the following infographic, which compares the higher education bubble to the housing bubble, and decide for yourself.

*http://www.economywatch.com/in-the-news/infographic-is-higher-education-the-next-big-bubble.26-01.html

Editor’s Note: The above article has been has edited ([ ]), abridged, and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.

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