US Employee Wages Have Failed , To Keep Up With Skyrocketing , College Costs, Study Finds.
A study from Georgetown University has identified
trends that are preventing young Americans
from achieving economic independence.
According to 'The Independent,' the most startling of those trends is the huge increase in the cost of college versus pay since 1980.
The evidence of our failure to help
all youth make the long journey
from early childhood to adult
economic independence is plain, Study authors, via 'The Independent'.
In the trajectory from kindergarten
to a good job, the most talented
disadvantaged youth do not fare
nearly as well as the least
talented advantaged youth, Study authors, via 'The Independent'.
The authors also found trends
of racial and class inequalities. .
One of the biggest barriers
is the cost of higher education.
The Georgetown research
showed a 169% increase in the average
cost of college since 1980.
In the same period of time, the average income
of 22- to 27-year-olds only increased by 19%.
In the 1970s, 75% of jobs
required just a high school diploma.
According to 'The Independent,' two-thirds of jobs now require either some post-secondary education, work experience or prior training.
'The Independent' reports that K-12 education
has focused more on college preparation
rather than workforce preparation.
This means that those who can't afford college have been left even further behind and with less options.