December 21, 2024

Economix Blog: College Is Worth It

We get a lot of questions (complaints, really) about whether college is worth the money, given how much it costs. If our previous reporting on the lower unemployment rates for college grads hasn’t convinced you, maybe this chart from the Federal Reserve Bank of Cleveland will:

DESCRIPTIONSource: Dionissi Aliprantis, Timothy Dunne and Kyle Fee, Federal Reserve Bank of Cleveland.

Not only do college grads earn significantly more than people whose highest educational attainment is a high school diploma, but that wage premium has been steadily increasing, to almost twice as much in 2010.

Article source: http://feeds.nytimes.com/click.phdo?i=6f61b2ec13c3dbef0da650bbc0a9e911

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