More Graduating College Today

With college graduation upon us, the Pew Research Center analysis of current population survey data finds that more young workers are entering the work force with a bachelor’s degree. Four in ten millennial workers ages 25 to 29 had a bachelor’s degree in 2016.  That compares with 32 percent of Generation X workers and smaller shares of the Baby Boom and Silent generations when they were in the same age range. Nearly half of young women-46 percent-in the U.S. now have a bachelor’s degree, compared to 36 percent of men. Young workers living in metropolitan areas were far more likely to have earned a bachelor’s degree than in more rural communities. The increase in educational attainment among millennials comes as the economic payoffs of a degree are greater than they were in the past.