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For instance, in the late 1980s, a bachelor's degree was the standard qualification to enter the profession of physical therapy. [42] By the 1990s, a master's degree was expected. Today, a doctorate is becoming the norm. State requirements that registered nurses must hold bachelor's degrees have also contributed to a nursing shortage. [43]
While those with some college averaged $31,046, those with a bachelor's degree averaged $51,194, over $20,000 (64.9%) a year more. [3] The second most dramatic difference in average income was between those with a bachelor's degree with $51,940 and those with an advanced degree who made $72,824, roughly $21,000 (42.2%) more.
A US Department of Education longitudinal survey of 15,000 high school students in 2002 and 2012, found that 84% of the 27-year-old students had some college education, but only 34% achieved a bachelor's degree or higher; 79% owe some money for college and 55% owe more than $10,000; college dropouts were three times more likely to be unemployed ...
Let’s say, using the example above, the hypothetical couple each have bachelor’s degrees, which would give them a combined lifetime income of $55.6 million — this still isn’t enough to ...
The U.S. Census Bureau has been gathering education information since 1940.
Suzanne Mettler notes in her book, Degrees of Inequality, that in 1970, 40% of U.S. students in top income quartile had achieved a bachelor's degree by the age of 24. [94] By 2013, this percentage rose to 77%. For students in the bottom income quartile, only 6% had earned a bachelor's degree in 1970. By 2013, this percentage was still at a ...
More work is needed to provide a clear pathway for community college students to transfer to four-year institutions and obtain a bachelor's degree
According to a Burning Glass Institute analysis of 2022 U.S. Census Bureau data, Bachelor’s degree holders in college-level jobs earn nearly 90% more than people with just a high-school diploma in their 20s, while 45% of college graduates are underemployed and earn 25% more than high-school graduates (not adjusting for any student loan debt ...