Getting a Degree Pays Off

Getting a Degree Pays Off

You can never have too much education. Below are the statistics to prove it.
Today’s population of 25- to 32-year-olds make up the best-educated generation in history. Thirty-four percent of them have at least a bachelor’s degree, according to a recent study by the Pew Research Center. According to previous Pew research, only 13 percent of this same age group in 1965 had a college degree, while 24 percent of young baby boomers in the late 1970s and 1980s fit into this category.

The Value Of A Degree
College graduates age 25 to 32 who are working full-time earn about $17,500 more annually than employed young adults holding only a high school diploma, Pew analysis has found. That pay gap only figures to widen over the next 10 to 20 years, conveying the importance of pursuing a college degree immediately out of high school.

Other numbers from the recent Pew study:

• College-educated young adults are more likely to be employed full-time than their less-
educated counterparts (89 percent vs. 82 percent) and significantly less likely to be unemployed

(3.8 percent vs. 12.2 percent).

• Young college graduates are more likely than their peers with a high school diploma or less education to say their job is a career or a stepping stone to a career (86 percent vs. 57 percent)
• Millennials with a high school diploma or less are about three times as likely as college graduates to say their work is “just a job to get them by.”
• College graduates are significantly more likely than those without any college experience to say that their education has been “very useful” in preparing them for work and a career.
• Better educated young adults are more likely to say they have the necessary education and training to advance in their careers (63 percent vs. 41 percent)
• About nine in 10 with at least a bachelor’s degree say college has already paid off (72 percent) or will pay off in the future (17 percent)
• Even among the two-thirds of college-educated millennials who borrowed money to pay for their schooling, nearly nine in 10 (86 percent) say their degrees have been worth it or expect that they will be in the future.

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