top of page
Search

Show Me the Numbers

Updated: Nov 21, 2021

In my last blog, I alluded to the damage of high school dropout to personal well-being and the economy as a whole. Now let's take a look at some of the numbers:



Based on the NCES data (https://nces.ed.gov/pubs2019/At_a_Glance_508C.pdf) shown above, one’s income level is directly correlated with their education level. Young adults who did not complete high school earned approximately 19% (or $6,000) less per year than those who did and almost 50% less than those who obtained a bachelor’s degree. In terms of employment, lower education means lower job prospects. Young adults without a high school diploma stay at the lowest employment spectrum with 59% compared to 86% for those who attained a bachelor’s or higher degree.


As to the impact on the economy, the average high school dropout costs the economy approximately $272,000 over his or her lifetime in terms of lower tax contributions, higher reliance on Medicaid and Medicare, higher rates of criminal activity, and higher reliance on welfare. (https://nces.ed.gov/programs/dropout/intro.asp)


Another measure provided by Alliance For Excellent Education quantifies the impact as follows: an increase in high school graduation rate from 83.2% (2015 adjusted cohort graduation rate) to 90% would add $5.7 billion to GDP, $504 million in federal tax revenue, $16.1 billion savings on health care and $2.5 billion in spending. These numbers may be small in the grand scheme of things, but every little bit helps.


170 views0 comments

Recent Posts

See All

If the idea of Universal Basic Income (UBI) sounds unrealistic, wouldn’t raising the pay to low-income workers be a quick and effective way to reduce the income gap between the haves and have nots? So

bottom of page