Couldn’t find the paper but I believe it was from NBER or one of the feds. It looked at how graduate school impacted wealth accumulation over the lifespan and f

Couldn’t find the paper but I believe it was from NBER or one of the feds. It looked at how graduate school impacted wealth accumulation over the lifespan and found that graduate school, this is from my fuzzy memory based on a quick skim, decreased wealth because of debt burden and delayed peak earning years. It didn’t apply to undergrad or associate degrees both of which have very good roi, on average. So I agree with you, but I also feel like much of the value of an undergrad degree is signaling, not the acquisition of specific skills that makes people more employable, leaving aside associate degrees and certificates which are essentially vocational training.