Increasing Graduation Rates will Boost the Economy

The Alliance for Excellent Education, a Washington-based think tank, says “The best economic stimulus is a high school diploma.” And their recent study, entitled Education and the Economy: Boosting the Nation’s Economy by Improving High School Graduation Rates gives us the projected numbers to prove it. If our nation’s dropout numbers were cut in half — about 650,000 nationally — the following estimated increases would come into play:

  • Home sales: $19 billion more nationally
  • Automobile sales: $741 million a year more nationally
  • Contribution to economic growth by the midpoint of their careers: as much as $9.6 billion nationally
  • Earnings increase with diploma: $7.6 billion a year nationally
  • Spending increase with diploma: $5.6 billion a year nationally
  • Investment increase: $2 billion a year nationally
  • State tax revenue increase: $713 million a year nationally

See the full report at www.all4ed.org/files/NationalStates_seb.pdf.

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