This may be disappointing for many of you, but psychology is a major where only the people with the highest psychology degrees get paid well. The vast majority of psychology majors end up making very little and usually end up switching careers, hence they do nothing with their diploma. This worthless degree may seem interesting to study at first, but you’ll definitely be regretting it down the road when you’re having a tough time making a respectable living. About the only way people make a fortune studying psychology is if they are studying at a highly accredited college. Highly accredited colleges for psychology are few and far in between, though.