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Tuesday, 27th July 2010

Fewer Dropouts Means Higher Spending on Homes, Cars, and Investments

Fewer Dropouts Means Higher Spending on Homes, Cars, and Investments
Source: Alliance for Excellent Education

Lowering the high school dropout rate among students of color will greatly increase the nation’s economic vitality, according to a dramatic new study, The Economic Benefits of Reducing the Dropout Rate Among Students of Color in the Nation’s Forty-Five Largest Metropolitan Areas, that the Alliance for Excellent Education released today.

“Census projections indicate that America will become a minority-majority country by the middle of the century,” said Bob Wise, president of the Alliance for Excellent Education and former governor of West Virginia, “but a recent report found that minorities accounted for nearly 49 percent of U.S. births in the year ending July 1, 2009. According to our report, if the nation’s education system does not start serving students of color better today, all Americans will feel the difference in their wallets. That means that for all of us, the best economic stimulus package is a high school diploma.”

Years of data have consistently demonstrated the persistent graduation gap between America’s students of color and their peers. The most recent estimate shows that high school graduation rates for African American, Latino, and American Indian students hover only slightly higher than 50 percent; more than 20 percentage points lower than that of their white peers.

“In addition to the moral imperative to provide every student with an equal opportunity to pursue the American dream, there are also strong economic arguments for helping many more students of color graduate from high school,” Wise said. “Lowering the dropout rate brings a range of benefits—both to the individual student and to a community—many of which most people do not realize.”

+ The Economic Benefits of Reducing the Dropout Rate Among Students of Color in the Nation’s Largest Metropolitan Areas


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