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Twenty-five per cent of 91Ô­´´s believe a degree is necessary for economic success

TORONTO — A new survey suggests one in four 91Ô­´´s believe a university degree is essential to succeed economically.
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A new survey suggests one in four 91Ô­´´s believe a university degree is essential to succeed economically. Students make their way around the Toronto Metropolitan University in Toronto on Wednesday, April 26, 2023. THE CANADIAN PRESS/Nathan Denette

TORONTO — A new survey suggests one in four 91Ô­´´s believe a university degree is essential to succeed economically. 

The poll from the Association for 91Ô­´´ Studies and the Metropolis Institute also indicates young people are more likely to believe a university degree is essential to their financial success. 

Just over 1,500 91Ô­´´s responded to the web poll during the week of Sept. 25.

Of those between 18 and 24, 43 per cent believed in the necessity of a university degree. 

But respondents past university age were less likely to value a degree when it comes to financial success. 

Jack Jedwab, president of the Association for 91Ô­´´ Studies, says this suggests that once people enter the workforce with a university degree, they might start to question whether the years of education were worth it. 

"Once you hit the workplace, I think at that point, people are saying: 'Hey, what is the true value? What was the value that this brought to me?'" he said.

Meanwhile, respondents who were immigrants to Canada were more likely to believe a degree is essential.

Of the respondents born outside of Canada, 35.8 per cent said a degree was key to economic success, compared to 23.9 per cent of those born in Canada. 

Residents of Quebec were least likely to believe a university degree was necessary, with only 16.2 per cent saying it's crucial for economic success, compared to more than 30 per cent in the regions on either side of it: Ontario and Atlantic Canada.

Those in Alberta were most likely to see a degree as an economic necessity — 31.1 per cent. In British Columbia, 25.8 per cent thought a degree was essential, as did 27.1 per cent in the Prairies.

This report by The 91Ô­´´ Press was first published Nov. 30, 2023.

The 91Ô­´´ Press