Higher education pays off.
A worker with just a high school diploma is twice as likely to be unemployed as a worker with a college degree, according to the newest installment of the Face the Facts initiative by the George Washington University School of Media and Public Affairs.
Earning a bachelor’s degree can get you almost twice the salary, research shows. Workers who had a bachelor’s degree earned an average weekly salary of $1,053 in 2011, nearly double the $638 weekly salary for those with only a high school diploma.
Education level affects unemployment rates, too. Unemployment among college graduates was at 4.9 percent last year, compared to 9.4 percent—again, almost double—for workers with just high school diplomas.
They are not alone. Many groups are trying to provide solutions for the staggering statistics found in many studies that indicate a struggle by Hispanic students to keep up. Many point to the same socioeconomic factors:
- Lack of financial resources. Hispanic students more often than others need to work, and often do through high school, to help their families.
- Generational impact. Hispanic students tend to follow in their parents footsteps. Just over half of the Hispanic students whose parents never went to high school moved on to college. That number drops to under 40 percent if the parents never finished high school. And studies consistently show Hispanics have a higher drop-out rate than the general population.
- Sub-par basics: The K-12 education of Hispanics generally lags behind because schools with predominantly-Latino neighborhoods tend to be overcrowded and receive a lower quality of education, according to standardized testing and school board evaluations, than schools that are predominantly white.