If you’ve ever wondered what percent of Americans have a bachelor’s degree, you’re not alone. This study reveals that men are more likely to graduate from college than women. In addition, bachelor’s degree holders are more likely to find employment than non-degree holders. In 2010, bachelor’s degree holders enjoyed an 87% employment rate, compared to 83% for non-degree holders. Foreign-born people with a college degree had a higher employment rate. Native-born Americans who entered the country before 2010 were much less likely to have a degree. In 2010, about 36 percent of those in the United States aged 25 or older had a degree.
Millennials have a bachelor’s degree
The number of Millennials who have a bachelor’s degree is increasing, but the question is whether this generation will fare better than older generations. While Millennials are more likely than previous generations to have a bachelor’s degree, their incomes are considerably lower than their older counterparts. While this isn’t necessarily an alarming statistic, it’s important to consider that these young people still need to find employment in order to be successful.
Millennials are classified by age, and the vast majority of them have a bachelor’s degree. In fact, the number of millennials with a bachelor’s degree is much higher than the number of Gen Xers, who have at least a bachelor’s degree. Millennial women have a higher rate of earning a degree than their older counterparts, as is the case among Gen Xers.
The educational attainment rate for both men and women has increased steadily over the last five decades. Millennial women now hold the highest percentage of bachelor’s degree holders, surpassing Boomers and the Silent Generation. In fact, women outpace men by one point in the education sector, whereas late boomer men had a two-point advantage in 1989.
According to Badgeville, more than half of millennials already have a bachelor’s degree, and the average millennial has a student loan debt of $45k. However, these millennials are less likely to stay in a job for more than three years.
Despite the fact that millennial women are more educated, they are still making less money than men in many careers. According to a recent study, women with a bachelor’s degree earn an average of $50,000 a year, compared with only $28,000 for men with a bachelor’s degree.
The Millennial generation has been raised in a digital age where instant access to product information, peer reviews, and price comparisons are vital. The generation is the largest on the planet, entering its prime years of working and spending. It is one of the biggest disruptions in history, changing the way we work, live, and play. And no individual is exempt from this powerful force.
The rising educational attainment of millennials has a positive impact on the housing market. Higher educational attainment increases a person’s earning potential, which is beneficial for both the housing market and the economy. As a result, the demand for housing in the future is more likely to increase than it was for the previous generation.
Young adults who never went to college are twice as likely to live with their parents as those with bachelor’s degrees. This difference was much smaller in previous generations. In fact, when the Silents and Millennials reached the age of 25, both groups lived at home. And Millennials who have bachelor’s degrees are also less likely to move out of the house than previous generations.
As a result, Millennials with a bachelor’s degree have a better chance of finding full-time employment than those with only a high school education. The majority of college-educated Millennials now work full-time.
Hispanics have a higher graduation rate
While Hispanics have a slightly higher graduation rate than white students, their bachelor’s degree completion rate is still lower than that of their white counterparts. Indeed, nearly half of Hispanic college students earn their degrees at community colleges, compared with just 30% for whites, 32% for Asians and 35% for blacks. Ultimately, this data suggests that Hispanics should be encouraged to pursue postsecondary education.
While recent studies have shown that Hispanic high school graduation rates are higher than those of other groups, economic factors still remain the greatest barrier to a college education for many Hispanic students. But with new initiatives and improved economic conditions, Hispanic graduation rates have increased significantly over the last decade.
California has a large Hispanic population. It has also been an important part of the national effort to increase Hispanic participation in higher education. According to the Campaign for College Opportunity, the percentage of Hispanics earning a high school diploma in California has grown from 74 percent to 86 percent since 2006.
A higher graduation rate among Hispanics may be attributed to a higher percentage of English-language learners. The Department of Education has poured more resources into this area, and it may be responsible for the higher Latino high school graduation rate. For the 2014-2015 academic year, the ESL graduation rate for Latino high school students showed the biggest jump of all the studied groups.
The dropout rate for Latinos has fallen dramatically in the last decade. It was at 35 percent in 1995, nearly double the rate for Black students. However, the dropout rate among Hispanics in high school dropped to 12 percent in 2013-2014. While Hispanics’ high school graduation rate is still higher than the national average, the dropout rate remains higher than the rates for black and white students.
Overall, Hispanics’ college enrollment rates are lower than those of their white counterparts. That could have a negative impact on the economy, since two-thirds of jobs will require postsecondary education by 2020. The average Hispanic college graduation rate in Massachusetts is 15.8%, while white students’ graduation rate is 16.1%.
The United States is rapidly expanding its Hispanic population. If we continue to ignore the growing population of Hispanics, we may not achieve our goal of becoming the best-educated nation in the world. The vanguard of this new racial diversity is our minority youths. Between 2000 and 2008, the number of minority children in the United States increased by 4.8 million. Of that number, 80 percent were Hispanic.
The dropout rate for Hispanic college students has been a major cause for concern among some higher education administrators. As Hispanics become a larger proportion of the college population, the Hispanic retention rate has dropped significantly. The six-year Hispanic graduation rate has fallen below the “tipping point.”
Counties with higher bachelor’s degree attainment have faster growth
Across the country, counties with higher bachelor’s degree attainment have experienced faster growth than those with lower attainment. The number of people in rural areas who hold a bachelor’s degree or higher has increased by six percentage points since 2000, while the number of rural residents who have only a high school diploma has decreased by eleven percentage points. While this finding isn’t surprising, it may serve as a warning for the future of the state. Narrowing regional gaps in education will not eliminate income disparities, but it will help California’s competitiveness across regions and increase economic opportunities for individual Californians.
Higher education levels are associated with a lower unemployment rate and faster growth. Higher education levels also result in higher incomes. For example, a county with a high percentage of bachelor’s degree attainment is likely to have lower unemployment rates than a county with lower education levels. The high concentration of highly educated people in a high-attainment county often masks the low-education status of many residents in the community. This gap is particularly prevalent among Latinx and people of color.
Alabama ranks 44th out of the 50 states in terms of the percentage of adults with a high school diploma. While the gap between Alabama and the national average is shrinking, it is growing considerably wider when it comes to four-year degrees. As a result, Alabama has failed to keep up with the growth rates of other states. In fact, Alabama’s rate of college graduation remained minuscule in 1940 compared to the national average.
While bachelor’s degree attainment has increased for every racial and ethnic group, the gaps persist. While Latino/Hispanic adults in particular have experienced the fastest growth, the gaps between Black and White adults remain stubbornly wide. Despite the positive results, the disparities between these two groups remain a stubborn reminder of the barriers to college completion.
Higher education is critical to a healthy economy, especially for those who wish to pursue a career in a well-paying field. A higher education level enables residents to prosper in a rapidly changing economy. King County, for example, lost more than 56,000 manufacturing jobs over the past two decades. However, the information and professional services sector has more than doubled the number of total jobs in the county over the same period.
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