GITNUX MARKETDATA REPORT 2024

Benefits Of A College Degree Statistics [Fresh Research]

Highlights: The Most Important Benefits Of A College Degree Statistics

  • Bachelor’s degree holders earn an average of 66% more than high school graduates over their lifetime.
  • College graduates are more likely to be employed, with an employment rate of 86% compared to 72% for high school graduates.
  • In 2019, median weekly earnings for someone with a Bachelor’s degree was $1,248, compared to $746 for individuals with only a high school diploma.
  • Bachelor’s degree holders have a 43% lower unemployment rate compared to high school graduates.
  • Over 90% of college-educated individuals over age 25 are employed.
  • College graduates are 2.5 times more likely to engage in volunteer work compared to those without a degree.
  • College graduates have a 24% higher likelihood of participating in job-related training compared to high school graduates.
  • College graduates contribute, on average, $278,000 more in taxes throughout their lifetime than high school graduates.
  • College-educated parents are two times more likely to read daily to their young children.
  • College graduates are more likely to have access to employer-provided health insurance (69%) than high school graduates (52%).
  • Workers with a bachelor’s degree have an average annual salary of $61,828, higher than those with only a high school diploma ($37,960).
  • 85% of college graduates believe that their investment in higher education was worth it.
  • About 71% of young college graduates are employed in 2021, compared to only 56% of young high school graduates.
  • College graduates are more likely to report being satisfied with their jobs (53%) compared to high school graduates (37%).
  • College education can increase the probability of home ownership by 17 percentage points.
  • College-educated individuals are twice as likely to exercise regularly compared to high school graduates.
  • College graduates earn, on average, $468 more in weekly earnings than high school graduates.

Table of Contents

The value of a college degree is undeniable. From higher earnings to greater job security, the benefits of obtaining a college education are numerous and far-reaching. To illustrate this point, here are 20 statistics that demonstrate the advantages of having a Bachelor’s degree:

The Most Important Statistics
Bachelor’s degree holders earn an average of 66% more than high school graduates over their lifetime.

This statistic is a powerful reminder of the long-term financial benefits of obtaining a bachelor’s degree. It highlights the fact that, over the course of a lifetime, those with a bachelor’s degree can expect to earn significantly more than those with only a high school diploma. This is an important point to consider when weighing the costs and benefits of pursuing a college degree.

College graduates are more likely to be employed, with an employment rate of 86% compared to 72% for high school graduates.

This statistic is a powerful testament to the value of a college degree. It demonstrates that college graduates have a much higher chance of finding employment than those with only a high school diploma, making a college degree a worthwhile investment. This is an important point to consider when discussing the benefits of a college degree, as it highlights the potential for increased job opportunities and financial stability.

Benefits Of A College Degree Statistics Overview

In 2019, median weekly earnings for someone with a Bachelor’s degree was $1,248, compared to $746 for individuals with only a high school diploma.

This statistic serves as a powerful reminder of the tangible benefits of obtaining a college degree. It demonstrates that individuals with a Bachelor’s degree are able to earn significantly more than those with only a high school diploma, providing a strong incentive to pursue higher education.

Bachelor’s degree holders have a 43% lower unemployment rate compared to high school graduates.

This statistic is a powerful reminder of the importance of a college degree. It demonstrates that those who have invested in higher education are more likely to have a secure job and a stable income. This is an invaluable benefit of obtaining a bachelor’s degree, and one that should not be overlooked.

Over 90% of college-educated individuals over age 25 are employed.

This statistic is a powerful testament to the value of a college degree. It shows that having a college education is a major asset in the job market, with the vast majority of college-educated individuals over age 25 being employed. This statistic is a great example of the tangible benefits of a college degree, and it can be used to demonstrate the importance of investing in higher education.

College graduates are 2.5 times more likely to engage in volunteer work compared to those without a degree.

This statistic is a powerful reminder of the positive impact a college degree can have on an individual’s life. It demonstrates that college graduates are more likely to be engaged in volunteer work, which can have a positive effect on their local community and the world at large. This statistic is a great example of how a college degree can open up opportunities for individuals to make a difference in the world.

College graduates have a 24% higher likelihood of participating in job-related training compared to high school graduates.

This statistic is a powerful reminder of the advantages that college graduates have in the job market. It highlights the fact that college graduates are more likely to have access to job-related training opportunities, which can help them stay ahead of the competition and increase their chances of success. This is an important benefit of a college degree that should not be overlooked.

College graduates contribute, on average, $278,000 more in taxes throughout their lifetime than high school graduates.

This statistic is a powerful reminder of the long-term financial benefits of a college degree. It highlights the fact that college graduates are more likely to have higher-paying jobs and, as a result, contribute significantly more in taxes over the course of their lifetime. This is an important point to consider when weighing the costs and benefits of a college degree.

College-educated parents are two times more likely to read daily to their young children.

This statistic is a powerful reminder of the positive impact that college-educated parents can have on their children’s development. Reading to young children on a daily basis helps to foster a love of learning, encourages language development, and can even help to improve their academic performance in the future. By highlighting this statistic, the blog post can emphasize the importance of a college degree in providing parents with the knowledge and skills to help their children succeed.

College graduates are more likely to have access to employer-provided health insurance (69%) than high school graduates (52%).

This statistic highlights the importance of a college degree in terms of access to employer-provided health insurance. College graduates are more likely to have access to this type of insurance, which can be a major factor in making sure individuals have access to the healthcare they need. This statistic is a reminder of the tangible benefits of a college degree, and how it can help individuals secure a more secure future.

Workers with a bachelor’s degree have an average annual salary of $61,828, higher than those with only a high school diploma ($37,960).

This statistic serves as a powerful reminder of the financial benefits of obtaining a college degree. With a bachelor’s degree, workers can expect to earn an average annual salary of $61,828, a significant increase from the average salary of those with only a high school diploma ($37,960). This is a clear indication that investing in a college degree can pay off in the long run.

85% of college graduates believe that their investment in higher education was worth it.

This statistic is a powerful testament to the value of a college degree. It shows that the majority of college graduates feel that their investment in higher education was worth it, indicating that a college degree can be a worthwhile investment. This statistic can be used to demonstrate the potential benefits of a college degree, such as increased earning potential, improved job prospects, and greater career opportunities.

About 71% of young college graduates are employed in 2021, compared to only 56% of young high school graduates.

This statistic speaks volumes about the value of a college degree. It shows that college graduates are more likely to be employed than their high school counterparts, indicating that a college degree can open up more job opportunities and provide a greater chance of success in the job market. This is an important statistic to consider when discussing the benefits of a college degree, as it demonstrates the tangible advantages that a college degree can provide.

College graduates are more likely to report being satisfied with their jobs (53%) compared to high school graduates (37%).

This statistic speaks volumes about the value of a college degree. It shows that college graduates are more likely to be content with their job, indicating that a college degree can open up more opportunities and lead to greater job satisfaction. This is an important statistic to consider when discussing the benefits of a college degree, as it highlights the potential for a more fulfilling career.

College education can increase the probability of home ownership by 17 percentage points.

This statistic is a powerful reminder of the tangible benefits of a college education. It demonstrates that a college degree can have a significant impact on one’s ability to purchase a home, a major milestone in life. This statistic is a great example of how a college degree can open up opportunities that may not have been available otherwise.

College-educated individuals are twice as likely to exercise regularly compared to high school graduates.

This statistic highlights the importance of a college degree in promoting healthy habits. It demonstrates that college-educated individuals are more likely to prioritize their physical health, which can lead to a variety of long-term benefits. This is an important point to consider when discussing the advantages of a college degree, as it shows that the degree can have a positive impact on more than just career prospects.

College graduates earn, on average, $468 more in weekly earnings than high school graduates.

This statistic serves as a powerful reminder of the financial benefits of obtaining a college degree. It highlights the fact that college graduates are rewarded with higher wages than those who only have a high school diploma, making the investment in a college degree a worthwhile one. This statistic is an important piece of evidence that can be used to demonstrate the value of a college degree and the potential for increased earning power.

Conclusion

The statistics presented in this blog post demonstrate the numerous benefits of obtaining a college degree. From higher earnings and employment rates to increased access to health insurance, job-related training, and volunteer opportunities – there are many advantages that come with earning a Bachelor’s degree. College graduates also have better physical and mental health outcomes than those without degrees, as well as greater chances of home ownership and personal accomplishment at work. With these facts in mind, it is clear that investing in higher education can be an invaluable decision for individuals looking to improve their lives both professionally and personally.

References

0. – https://www.nber.org

1. – https://www.bls.gov

2. – https://www.nea.org

3. – https://www.urban.org

4. – https://www.epi.org

5. – https://www.pewresearch.org

6. – https://www.ssa.gov

7. – https://www.ers.usda.gov

8. – https://www.nces.ed.gov

FAQs

What is the average increase in lifetime earnings for individuals with a college degree compared to those without one?

College graduates, on average, earn 56% more than high school graduates over their lifetime, leading to an increase of around $1 million for a bachelor's degree holder.

How does a college degree affect one's employment prospects and job stability?

Individuals with a college degree typically have better job prospects, lower unemployment rates, and greater job stability compared to those without a degree, as they are more likely to possess the skills and qualifications required by employers.

How does pursuing a college degree impact one's personal and professional growth?

Obtaining a college degree contributes to personal growth by exposing students to new ideas, a diverse range of people, and opportunities to develop critical thinking and problem-solving skills. It also enables professional growth by providing access to internships, networking, and career development resources.

In what way does a college degree influence health and overall wellbeing?

Research shows that college graduates are more likely to lead healthier lifestyles, have better access to healthcare, and experience increased life expectancy. They also tend to have higher job satisfaction and a stronger sense of purpose, which can contribute to overall wellbeing.

Does having a college degree improve one's social mobility and financial security?

Yes, attaining a college degree is often associated with higher social mobility and financial security, as it can lead to higher-paying jobs, better opportunities for advancement, and increased access to benefits such as retirement plans and employer-provided health insurance.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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