Without a proper education, people receive lower pay which results in an increased rate of crime, and a higher reliance on state and federal aid, which is why the economy is draining. “On average, a college graduate with a bachelor’s degree earned $30,000 more per year than a high school graduate, or about $500,000 more over a lifetime, as of Apr. 2013 (College Education).” The average income for household families by a bachelor's degree holder was $100,096 in 2011. To earn a bachelor's degree roughly costs about $30,000 a year.The 2011 Poverty Guidelines are $10,890 for a single member household and $22,350 for a family of four (Poverty Guidelines). Low-income families are struggling to put together what little they have just to put their kids through college due to the economical investment. As a result, low-income families are finding it hard to put their children through college, which causes fewer people to earn a college degree. College graduates have more and better employment opportunities rather than someone that only has a high school diploma or …show more content…
Continuing one’s education beyond high school should serve as a benefit rather than a burden for one’s future. For the people that lack a high school diploma or a GED, it is especially hard to find a job. More Americans are falling into the lower middle class, actions need to be taken to ensure that after finishing high school young Americans are not avoiding college because the tuition is so high. Most employers believe that those people lack motivation and drive to finish things. Looking below at the chart, the higher level of education received greatly increases the chances for employment and also increases the average salary potential for an individual. ”College graduates are more likely to receive on-the-job formal (22.9%) or informal (17.2%) training, more access to technology, greater autonomy, and ability to enhance skills compared to high school graduates” (College Education). Meanwhile, more than 16,000 parking lot attendants, 83,000 bartenders, 115,000 janitors and 15% of taxi drivers have bachelor's degrees. According to projectsonstudentdebt.org, two-thirds of college seniors who graduated in 2011 had an average debt of $26,600 per student; while the unemployment rate was at 8.8% for college graduates in 2011. A study from college education shows as of 2012 student loan debt was over $1 trillion