College costs have increased by 169% since 1980—but pay for young workers is up by just 19%: Georgetown report (via CNBCMakeIt)
of rising college costs, a recent report from Georgetown University highlights the growth in the gap between how much young workers make and how much they must pay to earn a college degree over the past several decades. The report, titled "If Not Now, When? The Urgent Need for an All-One-System Approach to Youth Policy," breaks down seven trends that have made it difficult for workers to transition from education to the workforce since 1980.
According to the researchers' analysis of U.S. Census, Bureau of Labor Statistics and National Center for Education Statistics data for the years 1980 to 2019, college costs have increased by 169% over the past four decades — while earnings for workers between the ages of 22 and 27 have increased by just 19%.Arrows pointing outwards
The Georgetown report estimates that median earnings for young adults with a college degree hover near $45,000 while earnings for those without a college degree remain closer to $30,000.Source: Georgetown University Center on Education and the Workforce
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