Poorer students benefit less from a bachelor’s degree than the wealthy – MarketWatch
According to a recent Brookings Institution analysis, a decades long survey of 18,000 people and their descendants – A bachelor’s degree benefited students from poor families much less than students from wealthier backgrounds. While, on average, most would agree that a properly focused bachelor’s degree can be a worthy investment. Getting an bachelor’s degree helps open […]
While, on average, most would agree that a properly focused bachelor’s degree can be a worthy investment. Getting an bachelor’s degree helps open up more opportunities than only finishing high school. But, this study, adds evidence that not all bachelor’s recipients see a similar earnings benefits.
“College graduates who came from families with an income that’s below 185% the federal poverty level earn 91% more on average over their careers than high school graduates from that group, the analysis found. Their counterparts from wealthier families saw a 162% earnings boost over their careers thanks to a bachelor’s degree.”
“If you grow up [in a household with a] low income and manage to get higher education, which few people manage to do, the potential for that to lift you solidly up into the middle-class and upper-middle class is more limited than we thought,” said Brad Hershbein, an economist at the W.E. Upjohn Institute for Employment research in Kalamazoo, Mich. and the author of the analysis.