News
Educational Opportunities lead to Career Opportunities which lead to
Greater Financial Possibilities
Annual salaries of high school graduates can be 70 percent lower than
college graduates with a bachelor's degree, according to a U.S. Census
Bureau report issued in July.
Almost 90 percent of young adults graduate from high school, and about
60 percent of those graduates go on to college, according to the report.
Future earnings is cited as one of the driving reasons to attain a
college degree, the report said. Some people are now choosing to pursue
higher education to improve their earning potential, and some students, when considering career decisions, take money into
account.
Considering Dropping Out? Think Again!
In recent years, advances in technology have fueled the demand for a
highly skilled labor force, transforming a high school education into a
minimum requirement for entry into the labor market. Because high school
completion has become a basic prerequisite for many entry-level jobs, as
well as higher education, the economic consequences of leaving high
school without a diploma are severe. On average, dropouts are more
likely to be unemployed than high school graduates and to earn less
money when they eventually secure work. Employed dropouts in a variety
of studies reported working at unskilled jobs or at low-paying service
occupations offering little opportunity for upward mobility. Dropping
out and severely impairing a young person’s job prospects and earnings
potential, in turn, causes other secondary, indirect problems. |