Cost of High School Dropouts

If the high school students who dropped out of the Class of 2009 had graduated, the nation’s 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.

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 associate’s degree, and 4.7 percent for individuals with a bachelor’s degree or higher.
Source: Alliance for Excellent Education September 2