Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
It is no shock to anyone with college-aged children that college campuses are a lot more crowded these days. Much of the focus in the media has been that a higher percentage of American youths were attending college. We conceded that this was true, but we insisted that the primary diver of the increased demand was not the higher percentage of kids going to school but the shear number of kids in the Echo Boom. (It's not a bigger piece of the pie, so to speak, but a much bigger pie itself.) We now have some numbers to test this.
Between 1967 and 2008, the number of 18-24-year old enrolled in college more than doubled from 5.1 million to 11.5 million. This is an increase of 6.4 million students, or 125%.
Taking a look at the numbers,
In 1967: 23.4M college aged * 21.7% attendance rate = 5.1M students
In 2008: 23.4M (assuming zero population growth) * 42.4% attendance rate = 9.9M students
So, as it would turn out, 4.8 million of the 6.4 million increase since 1967 was due to increased attendance rates, not demographics. That works out to 75%, with the remaining 25% of the increase due to demographics changes and foreign born students.
Buy at this blue line for a shot at trading profitably
There are so many indicators out there on when to buy and sell. Nic uses none. He looks at a chart and buys when a stock “pushes” off this blue line. What blue line? Find out on the next page. It’ll change how you make money from stocks. Click here for the details.
We will never have a country in which 100% of the population goes to college, or even 70-80% for that matter. That is unrealistic. But what is realistic? 50%? 60%?
It's hard to say, but we cannot imagine the number rising to more than half in our lifetime. Many of the factors that led to the increase from 25.5% to 39.6% have already come and gone:
- The process of "deindustrialization" has been in play since the 1970s. You cannot earn a comfortable wage as a factory worker anymore, so many young men who might have been content to follow their fathers to the GM plant have been forced to pursue other options, which generally involve college education.
- Meanwhile, women long ago entered the workforce en masse and have become very highly represented in the educated professions. A majority of law school students are now women, for example. Much of the increase in the percentage of Americans who attend college from 1967 until the late 1980s was simply women "catching up" to men in this respect (See Pew's Appendix, which breaks it down between men and women).
The transformation of the United States from an industrial economy into a services and information based economy is largely done, and with this transformation complete we believe that demographic trends will become the most important determinant of future college admissions. The numbers point to roughly seven years of declining demand ahead. College administrators, take note.
Charles Lewis Sizemore, CFA
Chief Investment Officer, Sizemore Capital Management LLC
Sizemore Capital Management LLC is a registered investment advisor specializing in money management and financial planning for individuals. Please visit us on the web for more information: www.sizemorecapital.com
Check out Charles's new book, available on Amazon.com: Boom or Bust: Understanding and Profiting from a Changing Consumer Economy
Disclaimer: Information provided on this website is not intended as specific investment advice and should not be viewed as such. Investment ideas or specific securities mentioned on this site may not be appropriate for individual investor objectives or risk tolerance. Information provided on this site is compiled from information believed to be accurate at the time of publication but no guarantee as to the accuracy of information displayed on this website is given, intended or implied. Principals may or may not have a financial interest in the securities discussed herein.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.