Education Issues
February 27, 2012Number of U.S. Adults with College Degrees Hits Historic High
College attainment has crept upward, slowly but steadily, says the Washington Post.- In 1947, just 5 percent of Americans age 25 and older held degrees from four-year colleges.
- As recently as 1998, fewer than one-quarter of the adult population held college degrees.
- In 2011, three in 10 adult Americans held bachelor's degrees, representing a historic high.
But in terms of future earnings, education level matters less these days than in previous generations, and field of study matters more.
- Census data show that an associate's degree in engineering or computers is worth as much or more, on average, than a bachelor's in education or the liberal arts.
- An associate's degree in engineering yielded $4,257 in monthly earnings in 2009, compared with $4,000 for a bachelor's in the liberal arts and $3,417 for a bachelor's in education.
- A two-year degree in computers fetched $4,000 a month, the same median earnings as a four-year degree in the humanities.
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