<p>Degree inflation yes. On the other side of the spectrum, some are not doing bachelor’s at all. As more and more people go to college, it loses its value, so those who finish may feel they can distinguish themselves with a master’s in the same way a bachelor’s used to do, others start to feel the first degree isn’t worth that much and don’t go.</p>
<p>Some people truly love school or need the skills and have the money to go. In the arts, getting a doctorate has become one of the only ways to continue and have at least a stipend to live on. (But few master’s programs offer that funding.)</p>