Posted: April 30, 2016
Gallop and USA Funds recently released a report highlighting the findings of a study of 2,548 associate degree holders. This report provides excellent data to confirm the value of an associate degree, but also demonstrates the increased financial security that a bachelor’s degree provides. This information can be useful in explaining the benefits of reverse transfer programs.
According to the report, individuals who earn an associate degree often find good jobs, but they earn less on average than individuals with a bachelor’s degree and are more likely to be unemployed. In addition, the majority of individuals with a bachelor’s degree made at least $48,000 annually, but only about one-third of individuals with an associate degree earned this amount. The survey also found that only 43% of individuals with an associate degree, who were employed, described their position as professional or managerial, as compared to 65% of individuals with bachelor’s degrees.
The report also examines differences between associate and bachelor degree holders in five areas of well-being: purpose, social, financial, community, and physical well-being. The largest difference between the two groups was in the area of financial well-being.
Posted on April 30, 2016 in the category Blog.