The average college graduate earns $78,000 a year compared to the $45,000 earned by someone with only a high school education, according to a new analysis. That's a 75% premium, or more than $30,000 a year.
With the cost of college constantly rising, it's easy to wonder whether four years of college is worth it anymore.
But new research from the Federal Reserve Bank of New York concludes: yes, a college degree still pays off. The average college graduate earns $78,000 a year compared to the $45,000 earned by someone with only a high school education, according to the analysis. That's a 75% premium, or more than $30,000 a year. The wage premium for a college education rose from less than $20,000 in the 1980's to $35,000 in the 2000's. Since then, it has fluctuated between $30,000 and $35,000 a year.
The net price is not only much lower than the sticker price, but it's also increasing at a slower rate, according to the researchers. The average sticker price of college grew from $5,000 annually to $18,000 between 1970 and today. But net prices increased from $2,300 to $8,000 during the same period. And the tuition isn't always the biggest cost involved in getting a college education.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
10 unique Father’s Day gifts under $30 — that dad will actually likeBest Father’s Day gift ideas for those on a budget
Leer más »
Rihanna is named as the world's wealthiest female musicianThe 31-year-old is worth a staggering $600 million, according to Forbes -- overtaking Madonna by $30 million, Céline Dion by $150 million and Beyoncé by $200 million.
Leer más »
Carbon Health has been quietly laying plans to take on heavyweight One Medical. Now it's expanding with a fresh $30 million investment led by a top investment firm.Carbon plans to use the funds to open 15 medical clinics in California, expanding beyond the Bay Area to Los Angeles.
Leer más »
Former school resource officer at Stoneman Douglas High School faces 11 chargesFormer Broward County Sheriff's Deputy Scot Peterson, who was a school resource officer, is facing 11 charges — including child neglect — in connection with his lack of response to the shooting massacre at Marjory Stoneman Douglas HS in Parkland, Florida.
Leer más »
High school students honor veterans by funding trip for D-Day anniversary“It’s important for us to show that we still care. And that we still remember everyone’s sacrifice,' a high school sophomore said.
Leer más »