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ERIC Number: ED559724
Record Type: Non-Journal
Publication Date: 2014-Feb
Pages: 66
Abstractor: As Provided
Reference Count: 11
The Rising Cost of "Not" Going to College
Morin, Rich; Brown, Anna; Fry, Rick
Pew Research Center
For those who question the value of college in this era of soaring student debt and high unemployment, the attitudes and experiences of today's young adults--members of the so-called Millennial generation--provide a compelling answer. On virtually every measure of economic well-being and career attainment--from personal earnings to job satisfaction to the share employed full time--young college graduates are outperforming their peers with less education. And when today's young adults are compared with previous generations, the disparity in economic outcomes between college graduates and those with a high school diploma or less formal schooling has never been greater in the modern era. These assessments are based on findings from a new nationally representative Pew Research Center survey of 2,002 adults supplemented by a Pew Research analysis of economic data from the U.S. Census Bureau. The first chapter of this report uses Census Bureau data to compare how Millennials ages 25 to 32 with varying levels of education are faring economically. It also examines how economic outcomes by level of education have changed over time by comparing the economic fortunes of Millennials with those of similarly educated Gen Xers, Baby Boomers and Silents at comparable ages. The second chapter is based exclusively on data from a recent Pew Research Center survey. It examines how all adults assess the value of their education in preparing them for the workforce and specifically how these views differ by levels of education. Four appendices include: (1) Additional Charts on the Labor Market; (2) Data Sources; (3) Young Adult Living Arrangements and Household Incomes; and (4) Topline Questionnaire.
Pew Research Center. 1615 L Street NW Suite 700, Washington, DC 20036. Tel: 202-419-4500; Fax: 202-419-4505; Web site:
Publication Type: Reports - Research; Tests/Questionnaires
Education Level: Higher Education; Postsecondary Education; High Schools; Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Pew Research Center