I’m constantly writing about education leading some of you to wonder why, especially since this is a debt and frugality blog. I firmly believe in educating oneself to the best of your abilities, whether that includes traditional school or through self-taught methods. Your education – or lack thereof – has a serious ability to impact your earning power. According to the Bureau of Labor Statistics, the average weekly income for someone with a high school diploma was $638, compared to $1,053 for someone with a Bachelor’s degree.
As you have already heard countless times, Americans are falling behind other industrialized nations with regards to education. How badly are we doing? Well, according to the infographic below, 1 in 4 American college freshmen do not complete their first year of school.
As the world becomes smaller through the development of technology, how can we expect to compete with countries churning out highly educated and motivated young adults in the global job market? If you have a kid at home, this infographic is for you.
Source: College@Home