Archive: December 2012
How costly is the decision to drop out of school?
Consider a few figures about life without a diploma:
The average dropout can expect to earn an annual income of $20,241, according to the U.S. Census Bureau (PDF). That’s a full $10,386 less than the typical high school graduate, and $36,424 less than someone with a bachelor’s degree.
Of course, simply finding a job is also much more of a challenge for dropouts. While the national unemployment rate stood at 8.1 percent in August, joblessness among those without a high school degree measured 12 percent. Among college graduates, it was 4.1 percent.
The challenges hardly end there, particularly among young dropouts. Among those between the ages of 18 and 24, dropouts were more than twice as likely as college graduates to live in poverty according to the Department of Education. Dropouts experienced a poverty rate of 30.8 percent, while those with at least a bachelor’s degree had a poverty rate of 13.5 percent.
PVAEC Adult Education is the answer. Call us today at 564-6525
by Kathy Normandin
on December 13, 2012
Read more in: