WASHINGTON – The earnings gap between young adults with and without bachelor's degrees has stretched to its widest level in nearly half a century. It's a sign of the growing value of a college education despite rising tuition costs.
A new analysis by the Pew Research Center shows that young adults with just a high-school diploma earned 62 percent of the typical salary of college graduates. That's down from 81 percent in 1965.
The study shows the increasing economic difficulties for young adults who lack a bachelor's degree. High-school graduates were more likely to live in poverty and be dissatisfied with their jobs, if not unemployed.
In contrast, roughly nine in 10 young college graduates said that their bachelor's degree had paid off or will pay off in the future.