Amidst lower than average post-graduate employment, increased government scrutiny, and an overall weak economy, the importance of college has been a largely debated in America. Individuals, political figures, and journalists weigh in about the country’s educational system from high school preparedness, student debt, and even question the value of a college degree. Naysayers of higher education may have their theories, but there are solid facts issued by the U.S. Census Bureau, College Board, and National Center for Education Statistics that point to higher education leading to a higher life. From overall salary potential to poverty rates, here is an infographic depicting the importance of college:
How Investing in Education Pays Dividens
Median earning potential by degree level – 2010
Master’s degree: $60,240
Bachelor’s degree: $63,430
Associate’s degree: $61,590
High school diploma: $34,180
No degree: $20,070
A Growing Demand for a Highly Educated Workforce
By the end of 2012, the bulk of jobs in America will require formal education – especially in industries that are growing the quickest.
Don’t Get Left Behind: Percentage of Americans With…
High School diploma: 87%
Some college: 57%
Associate’s degree: 40%
Bachelor’s degree: 30%
Master’s degree: 11%
Fighting Poverty with Education
Poverty rates by education level – Less than a high school diploma 23 percent, versus 3 percent with a graduate degree.
On average, your earnings increase 7 percent with just one year of higher education.