P.J. O’Rourke
The Ugly Numbers
Educational attainment is the single biggest determinant of lifetime income. As of 2008, 14% of Americans over 18 years old haven’t graduated high school, 31% have achieved a high school degree, 27% have earned a bachelor’s degree, and only 9% have earned an advanced degree. The median household income in the U.S. is $46,326. The median household income of Asian households is 24% higher at $57,518. The median household income of Black households is 35% lower at $30,134. Asian households have a fantastic educational achievement, with 49% of Asians achieving a bachelor’s degree or higher. Black households have a higher percentage with no high school degree (18%) than they do with a bachelor’s degree or higher (17%). Hispanic households have even more dreadful levels of educational attainment with only 12% achieving a bachelor’s degree or higher, while a full 37% of Hispanics have not graduated high school. Even though 69 million Americans have attained a high school degree, many are functionally illiterate as our public school system has just matriculated them through the system.
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