Australia

This is the best summary I could come up with:

The dwindling enrolment rates come as the Universities Accord interim report estimates that, by 2050, about 55% of jobs will require higher education qualifications.

At the same time, Norton questioned why the federal government was touting the 55% figure in the first place, adding it was “based on a consultant’s report” and “wasn’t credible” to assume policy experts knew what the job market would look like in 2050.

Melbourne University’s latest Taking the Pulse of the Nation report, released in late October, found financial barriers were the greatest obstruction to young Australians pursuing higher education.

The deputy dean in the faculty of education at Monash University, Prof Lucas Walsh, said early trends since the pandemic suggested young people were bearing the brunt of the cost of living crisis, which may be dissuading them from carrying debts.

Its annual Australian Youth Barometer, released on Monday, found nine in 10 young people had experienced financial stress in the past year and just over half agreed education had prepared them for the future.

“It’s also coming amid a slow decline in year 12 equivalent completion – young people are working more and in multiple jobs but less inclined towards formal education.”

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