Although college tuition has increased at an meteoric pace over the last 50 years, the value of obtaining a college degree still outweighs the costs according to a new study from the Pew Research Center. In fact, the study argues that “On virtually every measure of economic well-being and career attainment—from personal earnings to job satisfaction to the share employed full time—young college graduates are outperforming their peers with less education.” Not only are young graduates economically better-off than their peers, but the disparity in financial well-being is greater for this generation than any other generation in modern history.
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The Bear River counties follow the same pattern as national trends. College graduates earn significantly higher wages than high school graduates. Furthermore, the proportion of college graduates living in poverty is much lower than the percent of high school graduates or less.
The ever-increasing costs of pursuing higher education, and the perilous consequences of astronomical student debt, have been well documented. However, it appears that the benefits of graduating from college continue to outweigh the costs.
Note: For more analysis of the favorable influence of educational attainment in the State of Utah, click here.