Fast Facts: Work and Education

  • About one-fourth of young adults aged 18-34 are not in the labor force

  • About one in five (20%) youth aged 18-34 do not have a high school degree

  • 61% have some college

  • 19% have a college degree or higher.

  • Community colleges are the largest and fasting growing sector of higher education. The 1,158 public two-year colleges enroll 45% of all U.S. undergraduates. The American Association of Community Colleges reports that 10.4 million students are enrolled in CC.

  • Community colleges are the most affordable (average annual tuition of $2076), most accessible (there is a community college within a short distance of 90% of the population), and most egalitarian, serving more than half of all minority and first-generation college students. It is roughly estimated that 80% of community college students are the first person in their families to attend college.

  • Community college students are far more diverse than the student population of four-year colleges. According to the American Association of Community Colleges, minority students account for 30% of all community college enrollments nationally.

  • Most community college students are working while they attend school and many have children.

  • Among youth aged 18–24 in 1973, 1985, and 1997, earnings in 1997 were the lowest of all three time periods.

[Smith chapter/brief]

[data brief]

  • Employment rates for youth a ge 16-24 at an historic low. However, the gender gap has disappeared. Small businesses are key employers of youth.

[conference summary—Ed Montgomery].

  • More 18-24 year olds today are working part-time than in 1973. One-fourth of youth today work part-time while only about 11% did in the early 1970s.

[Smith chapter/brief]

  • Males fare worse in the job force than women, as measured by occupational status. Nearly 40% of females aged 18-34 hold higher end jobs (professional, technical, white-collar occupations), while only about one-fourth of men do. The proportions are the mirror opposite for the low-wage labor market.

[Rumbaut working paper]

  • Racial inequality in earnings and employment increased between the 1970s and 1980s. African American men born in the 1960s fared much worse than those born in the 1950s. Gaps between the employment rates of black and white men at age 27 grew from 13.1 percentage points in the 1970s to 20.9 percentage points in the 1980s. The gap between white and black women grew from only 1 percentage point among the first cohort to 15.4 percentage points among the second.

[Corcoran chapter brief]

Source: [Corcoran chapter brief]

  • Almost one in four African American men reported 52 or more weeks of nonwork between ages 24 and 26. Even more disturbing, 5% of African American men did not work at all in those three years.

[Corcoran chapter brief]

  • White women’s wages and household income increased dramatically between the 1970s and the 1980s. Black women’s average household incomes declined 13% between the 1970s and 1980s. White men’s economic fortunes changed very little, while black men saw large drops in average earnings, average wages, and average incomes.

[Corcoran chapter brief]

Education

  • Males fare slightly worse than women in educational attainment.

Percentage with less than high school degree

22.4% males

17.1% females

Percentage with high school or some college

59.8% males

61.5% females

Percentage with college or more

17.8% males

21.3% females

Source: [Rumbaut working paper]

  • College still pays : Assuming costs of college, “opportunity” costs of attending (based on forgone wages relative to those of a high school grad), and factoring in the boost to lifetime earnings, a student entering college today can expect to recoup her investment within 10 years of graduation.

See Does College Still Pay? By Lisa Barrow and Network member Cecilia Elena Rouse, The Economists’ Voice.

  • Parents provide, on average, $38,000 in material assistance for their child, or about $2,200 for every year between ages 18 and 34—considerably more than in the past.

[schoeni chapter/brief]

  • Children in the top one-fourth of income categories receive at least 70% more in material assistance than do children in the bottom one-fourth. This occurs even though higher-income youth are only 10–15% more likely to attend college than low-income youth. Both low-income and high-income parents spend almost identical amounts of time helping their children, at 3,864 and 3,869 hours, respectively.

[schoeni chapter/brief]

SOURCE: Unless otherwise indicated, all data from On the Frontier of Adulthood: Theory, Research, and Public Policy, edited by Richard Settersten, Jr., Frank Furstenberg, Jr., and Ruben Rumbaut. Names in parenthesis indicate chapter author, and accompanying policy brief based on the book.

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