The Rising Cost of Not Going to College

The findings of this report are based on the following data. (1) current population survey and (2) a new survey of Pew Research Center in October 2013

Labor market and economic outcome data: Labor market and economic data from the current census (CPS). The CPS jointly carried out by the US Census Bureau and the Labor Statistics Bureau is a survey covering about 55,000 households each month and is the official unemployment statistics of the country. CPS represents the citizen's non-institutional population nationwide. The analysis uses annual social and economic subsidies collected in March every year. The number of samples of CPS in March expands (about 75,000 households in 2013) and is the basis for estimating annual income, poverty and health coverage coverage reported by the Census Bureau each autumn ( DeNavas-Walt, Proctor and Smith, 2013). . Data analysis used a comprehensive version of CPS in March at the University of Minnesota Population Center (King, Ruggles, Alexander, Flood, Genadek, Schroeder, Trampe, and Vick, 2010).

Survey data: Pew Research Survey was conducted from 7th to 27th October 2013. Representative samples across the country were 2,002 adults over the age of 18 including 982 adults between the ages of 18 and 34. A total of 479 interviews were completed and respondents contacted with 1,523 mobile phones on a fixed phone. An additional interview took place in the cohort to increase the number of respondents from 25 to 34 in the sample. Data is weighted to create a final sample representing the general adult population in the United States. Interview was conducted in English and Spanish under the guidance of Princeton Survey Research Associates International. Based on a total sample of 95% confidence level, the sample error margin is plus or minus 7 percent of the result.

Millennial generation includes those born after 1980 (including adults aged 18 to 32 in 2013). Unless otherwise stated in the text, the economic consequences of the Millennial generation described in this report are based solely on the ages of 25 to 32 years of age where most young people enter formal education into the labor market I will. A

In this report, reference to a "high school graduate" or a person with a diploma refers to a person who acquired a high school diploma or equivalent, such as a general educational development (GED) certificate. A

For details on educational and economic outcomes, please refer to Pew Research Center's blog post "Financial university's economic impact is increasing". A

For details on the influence of the Great Depression on various population groups, please see the Pew Research Center report "How the Great Depression Changes American Life". A

According to another survey called "Cost of university expenses" at Pew Research Center, income disparity between those who are not acquiring a university degree and those who do not have a university degree is the largest in 50 years. The research also pointed out that university graduates earn more than anything without a degree in any generation.

New research on Pew research ("Cost rises without going to university") shows that the wage gap between university graduates and high school graduates has increased from previous generations. The Millennial generation (25 - 32 years old) with a high school diploma got a bachelor 's degree and acquired 62% of colleagues today. In the baby-boomer generation, high school graduates earn 77% of college graduates. The possibility of employment opportunities increasing is increasing, so university graduates are less likely to fall into poverty. In recent years, the poverty rate of all young people is rising, but only 6% of university graduates are in poverty, but 22% of high school graduates are in poverty

At the moment, most people are keen to get a college degree as the opening game of the door to find a good job. According to a survey on university expenses survey, 46% of university graduates are more likely to agree that their university degree is an excellent tool to find jobs and satisfactory careers, 31% It is not. It is a peer that has not received much education. For adults trained to have higher education degrees at university and improve their careers. The above data shows the benefits of university education. On the other hand, education can give college students a proper degree. Then they can get a diploma to find a good job. On the other hand, their rich theoretical knowledge can lead their practical skills in practical business.