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Is College A Worth It? Essay

Decent Essays

Helena Wood
November 2016
College Readiness
Period:3
Is College is worth it:
In today 's world, a college degree has great significance. It is worth the effort to obtain a degree, and this is due to the increasing wages that come with a degree, the lowering of unemployment rates, and having a degree is a requirement for many jobs. Having a college degree will get you far in life. For example the wage gap increases between high school graduates and college graduates, at the rate the degree does.
The higher a degree one has the more money they make. As one’s degree goes up, as does their earning gap. “...individuals with a four-year college degree earned about 43% more on average than those with only a high school degree...” (FRBSF Economic letter). The more education you have the more money you make. If you have only a high school diploma then you will make significantly less. College is an investment and it pays itself back the farther you get in the working world. “...the difference between earnings continues such that the average college graduate earns over $800,000 more than the average high school graduate by retirement age...” It also drastically lowers the rate of unemployment, ” (FRBSF Economic letter). You are earning close to a million dollars more than you would otherwise with a degree. Making money is key in survival, this day and age. The more money, the more power, and success in the business world.
Unemployment rates are lower for those with degrees as

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