Call it the government’s version of Facebook.
Each year, the Feds choose 9,000 kids to follow and – in turn – finds a few interesting facts about what happens when they don’t finish school. Simple answer: they have more trouble finding jobs.
The government – in it’s famous National Longitudinal Survey – in 1997 selected 9,000 ages 12 to 17 who are today they’re between ages 25 to 31. After 14 rounds of interviews, it found:
By the time they were 25 years old, 30 percent of women and 22 percent of men had earned a bachelor’s degree.
They held an average of 6.3 jobs from ages 18 to 25. Those with more education held more jobs and worked more weeks.
Here it is broken down:
- 60 percent of high school dropouts were employed when they were 25 years old.
- 76 percent of high school graduations without any college were employed at age 25 (3 percent of them were serving in the armed forces.)
- 81 percent of them with some college – but no degree – were employed (3 percent were in the armed forces.)
- 91 percent of them with a bachelor’s degree had a job (2 percent were in the armed forces.)
Parents, start saving for college. Kids, stay in school.
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