Last week, the Census Bureau published the 2015 edition of its Income, Poverty, and Health Insurance tables. This information is my favorite source for understanding the value of higher education: More young people are getting college credentials, but their aggregate income isn’t rising much, which means they’re not much better off.
Indeed, in the mean-average year since 1991, people who didn’t start high school have received bigger raises than any other category. College graduates barely do better than high school grads. Meanwhile, many more people have gone to college and fewer just stop at high school.
As for 2015, the high-schoolers got a much bigger raise than the college grads.
(The data are highly erratic, but it’s still fun to do the horse-racing.)
That’s all, folks.
- “Everything I Needed to Know: The Middle School Premium” (October 10, 2015)
- “More Education ≠ More (National) Income” (October 9, 2014)