(January 12, 2011) The college bubble is set to burst in 2011.
The National Inflation Association believes that the United States has a college education bubble that is set to burst beginning in mid-2011.
This bursting bubble will have effects that are even more far-reaching than the bursting of the Real Estate bubble in 2006. College education could possibly be the largest scam in U.S. history.
NIA's advice to the youth of America today is to think for yourselves. Don't get suckered into overpaying for a college degree that is worthless because everyone else has one. College is only worth attending if you plan on actually learning something there. If you are only going to college because you think a piece of paper is going to help you find a job, you would be much better off skipping college and entering the workforce right now at any entry level job. Your experience will benefit you more than any piece of paper.
The median U.S. home price is currently $170,600, down 26% from its peak of $230,200 in July of 2006.