Rick Newman of Yahoo Finance points out that the average cost of a bachelor's degree has breached $100,000, with private tuition potentially spelling a price as much as double that figure. In order to make the most of that hundred-grand, he suggests taking into account the findings of the Hamilton Project, a non-profit aimed at advancing opportunity, prosperity, and growth. Hamilton's recent report assesses the lifetime earnings of graduates by major. The chart below features some key major categories; a full listing is available in the report linked above.
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Researchers with the Hamilton Project, an affiliate of the Brookings Institution, examined data from the U.S. Census Bureau’s American Community Survey in reaching the conclusion that, regardless of a student’s major in college, a bachelor’s degree means that the typical graduate will earn considerably more than someone with an associate degree and a lot more than a high school graduate.
The Washington Post Style section recently declared that a new Brookings Institution report has “upended health-care research.” The reality is more complex, and the new paper has not fundamentally changed anything.
sing information collected from the US Census Bureau’s American Community Survey, the Hamilton Project at The Brookings Institution has created a set of interactive infographics comparing the lifetime earning potential of graduates of 80 majors.
People who graduate with a bachelor’s degree in chemical engineering will earn over $2 million on average during their life. Data for the rankings came from a study by the Hamilton Project at the Brookings Institution.
According to a new survey from the Hamilton Project, the median pay of people with degrees in chemical engineering is higher than any other major, when measured over a lifetime. Over an entire work life, a typical college graduate will earn $1.19 million. Engineering of some sort take the top nine positions in terms of lifetime earnings, according to the research.
A report out last year from the Hamilton Project also found a growing gap in the education spending of high- and low-income families. “The most concerning thing is that there are initial signs that inequality is starting to bleed into social mobility. And social mobility is at the heart of the American experience,” Michael Greenstone, the co-author of the report and an economics professor at MIT told the Boston Globe.
There’s broad evidence that a college education pays off, since college grads on average earn at least twice as much as mere high school grads. But it can also be a struggle to come up with the funds to pay for college, with the typical cost of a bachelor’s degree hitting $102,000, according to the nonprofit Hamilton Project. The price tag for a top private-school education can easily be twice as much.
The U.S. government over time should alter its debt policies and issue more short-term Treasury securities and fewer long-term securities, former U.S. Treasury Secretary Lawrence Summers argues in a new paper.
Lawrence Summers, the former chief economic adviser to President Obama, said on Tuesday that the Treasury Department had undermined the Federal Reserve’s stimulus campaign and that doing so was a large and expensive mistake.
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