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Wednesday, 2nd September 2009

High School Dropouts from Class of 2009 Represent Nearly $335 Billion in Lost Income

High School Dropouts from Class of 2009 Represent Nearly $335 Billion in Lost Income
Source: Alliance for Excellent Education

If the high school students who dropped out of the Class of 2009 had graduated, the nationís economy would have benefited from nearly $335 billion in additional income over the course of their lifetimes, according to a new issue brief from the Alliance for Excellent Education.
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Not only do high school dropouts earn less when they are employed, they are much more likely to be unemployed during the current economic recession, the brief finds. In July 2009, the unemployment rate for high school dropouts was 15.4 percent, compared to 9.4 percent for high school graduates, 7.9 percent for individuals with some college credits or an associateís degree, and 4.7 percent for individuals with a bachelorís degree or higher.

According to the 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 was $17,299, compared to $26,933 for a high school graduate, a difference of $9,634. The impact on the countryís economy is less visible, but, as the brief demonstrates, cumulatively its effect is staggering.

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