The debate over whether college graduates are more successful than non-graduates has been ongoing for years. But recent research has revealed that the wage gap between university graduates and those with less education has widened significantly in recent years. In fact, the salaries of university graduates have risen by up to 23% among middle-aged white men. This paints a picture of the gap between college and high school graduates that goes beyond wealth and luxury.This can be a financial burden for college graduates who are struggling in the market or seeking higher education to fulfill the roles they want.
The wage increase also makes it easier for college graduates to shoulder the increasing cost of insurance premiums. Income-based repayment plans may be beneficial for a large number of college graduates who applied for loans, especially if the amount requested was higher than normal or if incomes are lower than expected early in their careers, especially during recessions that make it difficult to find a good job. This means that college graduates disproportionately occupy the spaces at the top of the totem, leaving high school graduates and others to fill in the gaps below.The economic value of a college degree is often difficult to see since the cost of college is initial and the benefits are spread over many years. But on average, university graduates enjoy greater economic advantages and a better quality of life than those with only a high school diploma.
In fact, college graduates earn nearly a million more dollars over their lifetime than those with only a high school diploma. This means that college graduates have easier access to higher-paying jobs that offer better benefits for themselves and their families.A study conducted by Georgetown University has shown that university graduates earn an average of one million dollars more over their lifetime than those with only a high school diploma. This paints an even clearer picture of the advantages that come with having a college degree. Despite this, there are still opportunities for high school graduates to succeed, so this shouldn't be taken as a diagnosis of failure for those without a college degree.On average, the professional income of a bachelor's degree is more than double that of someone with only a high school diploma or GED, approximately 70 percent more than for someone with a college degree but no degree and more than 45 percent more than for someone with an associate degree.
This further emphasizes the importance of having a college degree in order to be successful.In conclusion, it is clear that college graduates enjoy greater economic advantages and a better quality of life than those without a college degree. Although there are still opportunities for high school graduates to succeed, having a college degree is essential in order to maximize one's potential for success.