College-educated workers enjoy a substantial wage premium. The wage gap between university graduates and those with less education has continued to widen 6 days ago. Recent research reveals that the salaries of university graduates have in some cases risen by up to 23% (among middle-aged white men). This paints the gap between college and high school graduates from a perspective that goes beyond wealth and luxury.
This often proves to be a financial burden for college graduates who struggle in the market or are 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 make sense 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.
Since college graduates earn nearly a million more dollars over their lifetime than those with only a high school diploma, the cost of education is easily mitigated. Although this answer only reflects general statistics, it is true that, on average, university graduates enjoy greater economic advantages and a better quality of life. Despite this, there are several opportunities for high school graduates to succeed, so this shouldn't just be taken as a diagnosis of failure for high school graduates. 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.
To increase this gap, 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. It turns out that college graduates not only have easier access to higher-paying jobs, but they also have better access to jobs that offer quality benefits. Since the cost of college is initial and the benefits are spread over many years, the economic value of a college degree is often difficult to see. In particular, college graduates can expect to find better-paying jobs that offer better benefits for themselves and their families.