Having a college degree is one of the best ways to protect you and your family during a major economic downturn like the Great Recession the United States just experienced.
A look at job market and economic data confirms this trend.
According to a study by Georgetown University's Center on Education and the Workforce:
- Those with high school diplomas lost 5.6 million jobs all together in the recession. Those with bachelor's degrees or more actually gained 187,000 jobs.
- Since the recovery officially began in 2010, the economy added 2 million jobs for those with at least bachelor's degrees, but lost 230,000 jobs for those with high school diplomas or less.
- The income gap between those with only a high school education and those with college degrees has been widening for decades, and The Great Recession accelerated that trend.
In a storm, whether economic or real, everyone gets rained on. But some are better protected than others. As this study and others show, a college degree is one of the best umbrellas.
Why not find out the shortest path between you and a college degree?