The Next Bubble?

By Lexington at The Economist:

A LOT of people, not least my colleague Schumpeter, have been saying lately that the next bubble to burst is going to be in higher education. The idea is that people are spending too much on higher education, taking on too much debt, and failing to get the reward they expect. This bubble is bound to burst, and will leave American colleges and universities with huge over-capacity.

But this chart shows that Education Pays and inasmuch as it does education’s bubble will not burst.