College-Educated Americans Are Doing Better Only Because Everyone Else Is Doing Worse
College is expensive, but the income gap between college graduates and those without a degree has widened sharply in the last few years.
This chart from a presentation by Bill Emmons at the Federal Reserve Bank of St. Louis, and alerted to us by guest author Invictus over at Barry Ritholtz's The Big Picture blog, shows the growing gap in income between those with at least a bachelor's degree and workers who haven't finished college.
"[I]t's not so much that those with college degrees are doing particularly well, it's that everyone else is doing significantly worse," wrote Invictus. "This is a stunner."
Emmons chart tracks incomes on an inflation-adjusted basis. Only the college-educated households have been able to preserve their purchasing power.
William Emmons, Reserve Bank of St. Louis
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas