Why a college degree isn't worth what it once was

New data suggests a degree is no longer an automatic ticket to the good life

The cost of an education.
(Image credit: Gillian Blease/Ikon Images/Corbis)

There's an old joke that if you're being chased by a bear and you want to avoid being eaten, you actually don't have to run faster than the bear. You just have to run faster than the other guy.

As it turns out, that joke may be critical to understanding the role college education plays in the modern economy.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.