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ERIC Number: ED563495
Record Type: Non-Journal
Publication Date: 2014-Nov
Pages: 17
Abstractor: As Provided
Reference Count: 30
ISBN: N/A
ISSN: N/A
Educational Attainment and Financial Satisfaction: The Changing Economic Value of a College Degree
Menard, Lauren Ann
Online Submission, Paper presented at the Annual Meeting of the Mid-South Educational Research Association (Knoxville, TN, Nov 5-7, 2014)
Dwindling American financial satisfaction and growing college degree attainment were revealed in national social survey data spanning more than four decades (N = 57,061). Against these backdrops, associations between being financially satisfied and having a college degree grew stronger in each decade, with the strongest association between graduate degree and financially satisfied in 2010-2012 data. Associate degree was inversely correlated with financial satisfaction when statistically significant, but associations grew more weakly inverse over time. Older Americans with a bachelor or graduate degree in 2010-2012 were 152% more likely to be financially satisfied, compared to 68% more likely for young counterparts. The strength of associations between college degree and financial satisfaction more than doubled between the 1970s and 2012 for men and women. College degree was a stronger predictor of financial satisfaction for Other individuals than for White individuals in 2010-2012 data.
Publication Type: Speeches/Meeting Papers; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Assessments and Surveys: General Social Survey