After the great recession struck the global economy, the socio economic class that experienced the most negative effects is the middle class. According to a latest research published in a news journal, an enormous number of almost one third of the Americans belonging to the middle class dropped down from the economic ladder. Nearly all of them belonged to the middle class.
Most of the people who were born and raised in middle class are now facing a fierce menace of downward economic mobility. In this tough economic times when jobs are scarce and very hard to find, one cannot be sure of maintaining the socio economic status as it was in their childhood. Being in middle class parent generation now means that you have to earn almost double the amount of what your parent’s used to earn when you were a kid.
The middle class constitutes of people who are among the 30th – 70th income bracket. The marital status and their education are the determining factors for if people will remain in the middle class or grow upward or downward from it. People who are divorced, living under bad debts, disabled or less educated are more likely to fall out of the middle class into lower middle. “The current recession is making it really hard for people to stay in the current classes”, said economic experts and analysts.
The catastrophe is that in recent time’s youth is the biggest victim of the recession struck economy. They start working at an early age to earn a living for them and their family. Low paying jobs makes the situation worst and to top it all off, they also leave their education behind in order to cut costs of living.
Quitting education in such state of the economy where we require more educated and skilled people to support and rebuild is not at all a witty decision, but considering the fact that traditional campus based education is very costly and time consuming that most of the working adults cannot cope up with the expenses and the schedule of classes.
Instead of quitting education, why not opt for online education. Online education is among the only few fields experiencing boom in recent times. Several online universities are there who offer accredited professional degrees. Degrees that will help you acquire a high paying job and will make you stand out from your peers. The convenience that you will experience from online education is unmatched. Students can complete their degree program on their own specified pace, that means there is no hard and fast rule for you to complete the degree in a certain number of years. Headway University is among the very few accredited online universities that offer range of degree programs, Headway University has an offering of degrees in 71 different majors under 16 different schools. Also offered at Headway University are a number of student and alumni services to assist our student in future. Alumni of Headway University are reaching great heights on their jobs in their specific fields. For more information log on the official website of Headway University or get in touch with a helpful academic counselor available round the clock for your assistance.