I love this question, and, yes, maybe it has to do with my having a child starting college in the fall, but it seems to get asked often. While the staggering amount of student debt Americans carry may indicate otherwise, the New York Times says that, yes, a college degree is worth it.

The article has a lot of statistics, the most eye-catching of which is that people with four year degrees make, on average, 98% more per hour than those who don’t. That number was 64% in the early ’80’s. The reason for that disparity is surprising, at least to me; according to economists, we still aren’t producing enough college graduates. One final stat: not going to college will cost you about $500,000. So now I’m feeling a little better about the money I’m about to spend.