The New York Federal Reserve's recent report reaffirms the financial benefits of obtaining a college degree, revealing that graduates earn significantly more than their high school counterparts—an average of $80,000 versus $47,000 annually. The report emphasizes the $30,000 wage premium college graduates enjoy each year over their working life. However, the report highlights that this benefit can diminish for students who take longer to graduate, select low-paying majors, or incur additional living costs by living on campus.
The typical college graduate earns a return that easily surpasses the benchmark for a sound investment, demonstrating the lasting value of a degree.
The median college graduate earns about $80,000, while those with only a high school diploma earn around $47,000, highlighting the financial advantage of a degree.
The annual college wage premium exceeds $30,000, indicating that over forty years, it provides a significant financial benefit that outweighs college costs.
Certain student choices—like taking longer to graduate, choosing low-paying majors, or living on campus—can reduce the return on investment for a college degree.
Collection
[
|
...
]