10 ] September 13-14, 2014 The Weekend Australian

The ages of education

“We call it education inflation. Only one in 10 builders (those born pre-1946) were degree qualified, compared with one in five baby boomers, one in four gen Xers and one in three gen Ys.”

Yet McCrindle sees generation Z being more pragmatic than previous generations about which postgraduate course they choose.

“They won’t just look at the traditional sandstone universities. Yes, they’ll want quality but they will also be looking more closely at practicality and usefulness and whether a course will deliver increased earnings.”

Research by McCrindle shows baby boomer and even generation X parents are willing to support their children’s undergraduate education, but such generosity tends to dry up when it comes to a postgraduate qualification. “With individuals looking at paying for any postgraduate course themselves – and (continued on page 11)

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