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Thursday, October 26, 2006

College Degree Worth Extra $23,000/Year

kyw.com - College Degree Worth Extra $23,000/Year:

"That is the average gap in earnings between adults with bachelor's degrees and those with high school diplomas, according to data from the Census Bureau.

College graduates made an average of $51,554 in 2004, the most recent figures available, compared with $28,645 for adults with a high school diploma. High school dropouts earned an average of $19,169 and those with advanced college degrees made an average of $78,093.

'There appear to be strong incentives to get a college degree, given the gaps that we observe,' said Lisa Barrow, senior economist at the Federal Reserve Bank of Chicago."

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