More than half of middle-class kids fail to earn bachelor’s degrees By Tami Luhby

Here’s a little-known, scary stat: More than half of middle class kids who start college fail to earn a bachelor’s degree within six to eight years. The low graduation rate has big implications for young adults’ ability to remain in the middle class, or to rise a few rungs above their parents on the economic ladder. A college degree, once a ticket to the middle class, is now a must-have to maintain that status. Why these kids aren’t graduating with bachelor’s degrees isn’t really known. A lot of attention and effort is focused on getting lower-income children into and through college. But few researchers study the path of students from middle class families. “It’s startling. We get people to college, but they don’t finish,” said Sandy Baum, a research professor at the George Washington University. “The middle class gets lost in the shuffle.” The U.S. Department of Education tracks college graduation rates in two ways: It follows kids in the years after they graduate high school, and, separately, it tracks all Americans who enter college in a particular year. The department periodically checks back in with them for several years. Both stats found that fewer than half of middle class students were actually leaving with a bachelor’s degree. Read the full article at: CNN Money
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.