The “Trends in Higher Education” is a series of reports published by the College Board. Let’s take a look at Education Pays 2016: The Benefits of Higher Education for Individuals and Society, which documents the ways in which we as a whole benefit from increased levels of education.
According to the data in this report, more education means more opportunities. Among adults between the ages of 25 and 64, 68% of high school graduates, 72% of those with some college but no degree, 77% of those with an associate degree, and 83% of those with a bachelor’s degree or higher were employed in 2015. The unemployment rate for individuals age 25 and older with at least a bachelor’s degree has consistently been about half of the unemployment rate for high school graduates. While many of the payoffs of investing in higher education can be measured in dollars or gainful employment, others relate to health and general quality of life.
For more information on the differences in the earnings and employment patterns of U.S. adults with different levels of education, read the full Education Pays here.
This report also includes data on:
- Variation in earnings by gender, race, and major
- Disparities in college participation and completion
- Social and private benefits
- And much more!