Do you need a college degree to succeed? Here's what the data shows.
CBSN
College was once widely viewed as a pathway to success, but today only about 1 in 4 Americans say a bachelor's degree is necessary to secure a well-paying job, according to a new survey from the Pew Research Center.
Fifteen years ago, about 3 in 4 people told Pew that a college degree was extremely or very important to get ahead in life. The shift comes as higher education costs continue to soar, with some universities now charging close to $100,000 per year for tuition and other costs.
At the same time, employment opportunities and earnings for young men without college degrees have improved in the last decade, reversing some of the economic damage that eroded the group's fortunes starting in the 1970s.
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