Health & Fitness
Learn More, Earn More, Stay Employed
By Daniel Gerger, President, Adult Education Advocates
Adult students are returning to school in record numbers to finish a bachelor’s degree or earn a master’s degree, and nearly half of all college students are now over the age of 25. And why? Because, according to the federal government’s Occupational Outlook, the more education you have, the more money you earn per year and over your lifetime. Individuals with a high school diploma will earn $1.1 million over the course of their lifetime while a worker with a bachelor’s degree will earn $2.1 million, according to the US. Census Bureau).
The other compelling reason to get a college degree is that it significantly reduces the chances of losing a job. Georgetown University’s Public Policy Institute examined the employment rate during the recent recession and found that the more education an individual had, the less likely they were to have lost their job in the past five years. According to the study:
- Workers who had a high school diploma or less, lost 5.6 million jobs during the Great Recession (December 2007 to January 2010), and they lost an additional 230,000 jobs during the recovery (January 2010 to February 2012).
- Individuals who had some college or an associate’s degree lost 1.75 million jobs during the recession but gained back 1.6 million of those jobs in the recovery.
- People who had a bachelor’s degree or better actually gained 187,000 jobs during the recession and added 2 million more jobs during the recovery.
Daniel Gerger is the President of Adult Education Advocates, an organization that helps adults make the transition back to college. Dan lives in Maplewood, N.J., with his wife and three children.