I'm surprised those stats are still holding true today - for the relationship between education and improved earnings. There is, as you say, a massive difference depending on what degree you do with a huge positive income bias in favour of the STEM subjects, unsurprisingly.
I think the professional trading world is, for the most part, full of people who think they are better than they are, hothoused and hence the dismal performance.
Whereas there are a minority who just keep their heads down and can give themselves an edge.
I agree with not going into debt to get an education - can you believe that I got my degree completely free, the government even payed living expenses for 4 years. I got in a few years before it became loan based.
Starting out with debt, what a miserable trap! I always used to strongly advise my students to have a good look at apprenticeships - there are some damn good ones out there in the engineering sector for example! And you end up with a degree level education after a few years, debt free and work experience - you'd be in a much better position by the time you were 22.
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