October 10, 2008
Here’s a sobering story from the Boston Globe.
One of the United States notable “generational contracts” has been the notion that our children would be more likely to graduate with a college degree than their parents. That was certainly my parent’s dream for me, neither of whom had an opportunity to get a four-year degree.
But a new study by the American Council on Education has found that degree granting rates for younger generations are beginning to stall. The percentage of younger adults with a bachelor’s degree was about 27% in 2006, a decline from the 29% who held degrees only three years earlier. The numbers for Hispanics and American Indians are less encouraging.