This report from the Pew Research Center explores the current value of going to college. Findings are based on a nationally representative Pew Research Center survey of 2,002 adults in the US, including 630 young adults aged 25-32. The survey captured the views of the adults towards their education, their job, and their experiences in the workforce. To measure how their economic outcomes compare with those of other generations at a comparable age, the Pew Research Center analysed economic data from the US Census Bureau.
According to the report, on virtually every measure of economic well-being and career attainment – from personal earnings to job satisfaction to the proportion employed full time – young US college graduates are outperforming their peers with less education. In addition, when today’s young adults are compared with previous generations, the disparity in economic outcomes between college graduates and those with a high school diploma or less formal schooling has never been greater in the modern era.
Source: The Rising Cost of Not Going to College (2014), Pew Research Center.