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Thursday, 19th June 2008

U.S. Economy Could Have Gained $320 Billion if all Students Who Entered High School in 2004 Had Graduated on Time, According to Alliance for Excellent Education

U.S. Economy Could Have Gained $320 Billion if all Students Who Entered High School in 2004 Had Graduated on Time, According to Alliance for Excellent Education
Source: Alliance for Excellent Education

f the high school dropouts from the Class of 2008 had instead earned diplomas along with their classmates, the nationís economy could have benefited from an additional $320 billion in wages, taxes, and productivity over these studentsí lifetimes, according to conservative calculations by the Alliance for Excellent Education in its updated brief The High Cost of High School Dropouts: What the Nation Pays for Inadequate High Schools.

The average annual income for a high school dropout in 2005, according to the U.S. Census Bureau, was almost $10,000 less than for a high school graduate. Raising the numbers of students who graduate, therefore, increases overall earnings potential, which, in turn, benefits each state and the nation with increased purchasing power and higher tax receipts.

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