Fact Check Team: Rising financial anxiety reshaping Americans’ biggest life decisions

Rising financial anxiety is prompting American high school graduates to reconsider college, according to new polling from higher education consulting firm EAB. The survey found that 67% of graduates are opting against college due to affordability concerns, a sharp increase from previous years. Many cite student loan debt and daily expenses like rent and food as key factors, while only 13% feel optimistic about attending college and 7% are excited about it. The findings align with broader economic uncertainty, as hiring for entry-level jobs has slowed and unemployment among young college graduates has risen. Economists note that while bachelor’s degree holders still earn more on average and face lower unemployment rates, financial fears are driving major life decisions. Separate Gallup polling shows record financial pessimism, with 55% of Americans reporting their financial situation is worsening in 2026. Inflation and high costs for housing, healthcare, and groceries remain top concerns, despite cooling inflation rates. Economists say wage growth has not kept pace with rising living expenses, leaving many households strained. Experts warn that financial pressures are influencing decisions beyond education, including delaying homeownership, career changes, and family planning. The data suggests long-term tradeoffs for those avoiding higher education, though immediate financial relief remains a primary concern for young Americans.