How Much Is That College Degree Worth?
Updated: Sep 20, 2019
Quartz: “While Americans without university degrees have seen a fair rise in household income in recent years, they still lag far behind their college-educated peers. Per triennial data from the US Federal Reserve published this week, people with college degrees these days have a median net worth more than four times that of people without.”
“It’s not that college-educated Americans are making dramatically more money than before—in fact, their median net worth has only grown 2% between 2013 and 2016—but rather that those without college degrees still have a long way to go to catch up. In that three-year period for which Fed data was collected, the median net worth for those with only a high school diploma actually jumped around 25%, from $54,100 to $67,100. But the median net worth for those with college degrees is $292,100.”