
Economic & Financial Education for Students
The Value of Economics Many people view economics as the specialized domain of academics and professionals, but economics can be applied to a wide swath
Variable Definitions:
Bachelor’s Degree or Higher: The percentage of the population ages 25 and older who have a Bachelor’s (4-year) degree or higher level of education
Associate’s Degree or Higher: The percentage of the population ages 25 and older who have an Associate’s (2- year) Degree
Less than High School: The percentage of the population ages 25 and older without a high school diploma
Source:
American Community Survey, 5-year estimates, Tables B14004 & B15002
Years Available:*
2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021
*Note: Each year of available data shown above is a 5-year estimate, or an average of data collected over a five year period. 5-year estimates are used to increase the reliability of the data at small geographies like neighborhoods and census tracts. The years shown on the NDSC map represent the final year of the five year average (e.g. “2010” represents 2006-2010 data, “2011” represents 2007-2011 data, and so on). For the most impactful comparison of data over time, the ACS recommends comparing non-overlapping years (e.g. 2010-14 with 2015-19).
Associate’s Degree or Higher
According to the Census Bureau, the category of Associate’s degree includes “people whose highest degree is an associate’s degree, which generally requires 2 years of college level work and is either in an occupational program that prepares them for a specific occupation, or an academic program primarily in the arts and sciences. The course work may or may not be transferable to a bachelor’s degree.”
Bachelor’s Degree or Higher
A Bachelor’s degree is an undergraduate degree awarded by colleges and universities to students who have completed coursework typically lasting four years. Obtaining a Bachelor’s degree appears to be of growing social and economic importance, particularly for younger generations. Across age groups, obtaining a bachelor’s degrees often leads to higher incomes and lower rates of unemployment.
Less than High School
Not obtaining a high school diploma can often lead to lower lifetime earnings, higher chances of living in poverty, and may even contribute to lower health outcomes.
Citations:
American Community Survey. 2017 Subject Definitions. Link.
Belfield, Clive R., Henry M. Levin, and Rachel Rosen. “The economic value of opportunity youth.” Civic Enterprises. Link
The Value of Economics Many people view economics as the specialized domain of academics and professionals, but economics can be applied to a wide swath
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