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Family & Consumer Economics

Students study household financial management, consumer economics, financial planning, and the economic factors that affect family wellbeing and consumer behavior. Graduates typically pursue careers as financial counselors, consumer education specialists, community development workers, and family resource managers. This major prepares students to help families make sound financial decisions and manage resources effectively.

Schools
16
Programs analyzed
Earnings
$40,771
Avg 1-yr grad earnings
Range $28,180–$53,997
AI Risk
High
53% task exposure
Field Overview

What Family & Consumer Economics graduates do

You'll use your expertise in economics to help people navigate major life decisions. The most common career, personal financial advisor, is less about staring at stock tickers and more about building relationships. You’ll meet with clients to understand their goals—buying a home, funding college, retiring comfortably—and then design a financial plan to get them there. This is the fastest-growing path. A different route is becoming a farm and home management educator, where you’ll run workshops and provide direct advice to families on everything from household budgeting to sustainable living, though this field faces hiring headwinds. A few graduates also teach these subjects at the college level.

Initially, you might support a senior advisor or co-teach a class before taking on your own clients or courses. AI's impact on these careers is moderate; it will automate significant parts of your routine work, like generating initial financial reports or grading simple assignments. This won't eliminate your job, but it will change it, freeing you to focus on the human skills AI can't replicate: building client trust, making complex judgment calls, and mentoring others.

You may also want to evaluate Family & Consumer Economics against Family & Consumer Sciences, Housing & Interiors, and Consumer Sciences & Business on salary and long-run job outlook.

Career Trajectories

Where Family & Consumer Economics graduates work

Common career paths for Family & Consumer Economics graduates, with median salaries, projected growth, and AI exposure per role. Roughly 25,400 combined openings per year across these roles.

Role Median Pay Annual Openings 10-yr Growth AI Exposure
Personal financial advisors
$102,140
$71K–$173K
24,100 +9.6% High · 50%
Family and consumer sciences teachers, postsecondary
$77,280
$57K–$100K
200 +3.4% High · 54%
Farm and home management educators
$58,120
$46K–$69K
1,100 -2.5% Moderate · 37%
Source: BLS Occupational Employment & Wage Statistics, May 2024. Salary range shows 25th–median–75th percentile (national).
Top Institutions

Best schools for Family & Consumer Economics

Schools ranked by DegreeOutlook Score (earnings × AI resilience × ROI × job-market size). Top 10 of 16.

Rank #1 · DegreeOutlook Score 57
Texas Tech University
Lubbock, TX · Public
$53,997 1-yr earnings
13.9x ROI multiple
High AI risk
# School DW Score 1-yr Earnings ROI
5 South Dakota State University
Brookings, SD · Public
47 $44,891 12.9x
6 The University of Tennessee-Knoxville
Knoxville, TN · Public
45 $43,014 9.9x
7 The University of Alabama
Tuscaloosa, AL · Public
45 $41,201 11.4x
8 Texas State University
San Marcos, TX · Public
43 $45,666 9.9x
9 University of Minnesota-Twin Cities
Minneapolis, MN · Public
37 $39,081 7.1x
10 University of Nebraska at Kearney
Kearney, NE · Public
36 $38,009 11.6x
11 Arizona State University Campus Immersion
Tempe, AZ · Public
35 $36,280 9.3x
12 University of Nebraska-Lincoln
Lincoln, NE · Public
33 $35,242 10.3x
13 Arizona State University Digital Immersion
Scottsdale, AZ · Public
31 $36,280
14 Tennessee State University
Nashville, TN · Public
28 $32,793 10.1x
15 Middle Tennessee State University
Murfreesboro, TN · Public
26 $31,988 8.8x
16 SUNY Buffalo State University
Buffalo, NY · Public
25 $28,180 10.9x
See the full Family & Consumer Economics rankings — 16 schools compared by salary and ROI →

Related majors

Similar fields of study often offered alongside Family & Consumer Economics.

FAQ

Frequently asked about Family & Consumer Economics

How much do Family & Consumer Economics graduates earn?

First-year earnings for Family & Consumer Economics graduates average $40,771 annually, based on data from 16 programs. The range spans $28,180 at the low end to $53,997 at the top.

Will AI affect Family & Consumer Economics careers?

Family & Consumer Economics is rated "High" for AI automation risk, with 53% of job tasks exposed to large language models and AI tools. This means most career tasks in this field could be augmented or replaced by AI over the next decade.

What's the top-ranked school for Family & Consumer Economics?

Based on our DegreeOutlook Score (combining earnings, AI resilience, job market size, and ROI), Texas Tech University ranks #1 for Family & Consumer Economics with a score of 57/100 and graduate earnings of $53,997/yr.

What's the outlook for a Family & Consumer Economics degree?

On average, Family & Consumer Economics graduates earn 10.9x their in-state tuition over 10 years. This is a strong return on investment.