Why a college degree is important statistics?

Why a college degree is important statistics?

By nearly any measure, college graduates outperform their peers who have only completed their high school degree. For example, the average graduate is 24 percent more likely to be employed and average earnings among graduates are $32,000 higher annually and $1 million higher over a lifetime.

What percentage of the United States population has a college degree?

In 2020, about 37.5 percent of the U.S. population who were aged 25 and above had graduated from college or another higher education institution. This is a significant increase from 1960, when only 7.7 percent of the U.S. population had graduated from college.

How important is a college degree in today’s economy?

In today’s economy, where most well-paying jobs require at least a bachelor’s degree, a college education is critical to establishing economic stability and job security. The BA now accounts for 56 percent of all good jobs, due to greater demand for workers with at least a four-year college education.”

Is a college degree worth it statistics?

The authors calculate that, over four decades, workers with a bachelor’s degree earned on average 56 percent more and workers with an associate’s degree averaged 21 percent more than high school graduates. Workers with an associate’s degree earn about $325,000 more than high school graduates.

Why is a college degree still important?

A report by the Lumina Foundation found that, in addition to higher incomes, good health and longer lifespans, college graduates are more likely to have healthcare and retirement benefits, safe jobs, occupational prestige and even greater happiness.

What are the values of a college degree?

Students who earn a college degree stand to make over $500,000 more in their lifetime than those who only attain a high school diploma. Those that earn advanced degrees will make over a $1,000,0000 more in their lifetime than those who completed high school.

How many US citizens have a college degree?

Of the nearly 225 million adults in the U.S., almost 94 million have earned some type of college degree. Below are details of the increasing educational attainment in the U.S. in 2019.

What is the benefit of a college degree?

College graduates see 57 percent more job opportunities than non-graduates, and it is estimated that, by 2020, two-thirds of all jobs will require postsecondary education. A degree enables you to qualify for these additional opportunities and offers you more flexibility in where you choose to work.

Is a college degree necessary in today’s world?

Making the Right Decision Simply put, no person definitively requires a college degree to make a career for themselves. While there are a career paths that unavoidably require a college education – like doctors and lawyers – there are plenty of careers with no educational prerequisites or degree requirements.