Personal finance expert anticipates unprecedented entrepreneurial growth in MBA careers

Last Updated on March 2, 2024 by Robert C. Hoopes

According to personal finance expert Ken Coleman of Ramsey Solutions, Gen Z is poised to experience a surge in entrepreneurship thanks to advancements in technology. Coleman believes that the level playing field and accessibility provided by technology will lead to an unprecedented wave of entrepreneurial activity in the next generation.

One prime example of this trend is social media influencer Sophia Castiblanco, who took control of her financial freedom at the young age of 14 through savvy investments. Her success highlights the potential for young entrepreneurs to thrive in today’s highly connected world.

However, not all Americans are experiencing such career success. A recent report has found that nearly half of Americans are stuck in jobs that do not require a college degree even 10 years after graduating. This trend is further supported by a shift towards employers opting for skilled blue-collar workers over those with traditional college degrees.

In fact, a recent Wall Street Journal study revealed that 36% of Americans no longer trust college as the best way to prepare for the future. This loss of faith in traditional education is reflected in declining college enrollment rates, signaling a shift in the perceived value and impact of higher education on career prospects.

Ken Coleman warns of the continuing decline in college enrollment and the changing landscape of education and career preparation. As technology continues to reshape industries and create new opportunities for young entrepreneurs, the need for traditional college degrees may continue to diminish. This shift highlights the importance of alternative paths to success and the need for individuals to adapt to a rapidly changing job market.