How important is it to have a college education in America today Is it Essay

How important is it to have a college education in America today Is it necessary to have one in order to be successful - Essay Example It is a fact that people with college degree have more chances to be employed than their peers who end up with high school diploma only. According to US Bureau of Labor statistics, the rate of unemployment among people who have less than a high school diploma merits 11% of US population. This number can be compared to 7% unemployment rate among people who attended college and 5.4% rate among those who have Associates degree (US Bureau of Labor). Unemployed people struggle to survive in the world where wellbeing and poverty rarely occur together. People without college degree have fewer chances to get high-paid jobs or managerial positions at work. Since college education boosts employment opportunities, it is a significant reason to study hard for the sake of better future. There is a positive correlation between education and median weekly income of each person. For instance, people who have less than a high school diploma earn $472 a week which is hardly enough for decent life (US Bureau of Labor). People who have high school diploma earn $651 in average while people with college education can increase their earnings to average $777 weekly (US Bureau of Labor). These numbers prove that people with college education have more chances to succeed financially. It is obvious that people need money for living; people who invest in their education get more opportunities to earn enough to support their families, care about health, nutrition and entertainment in life. These things are vital because they make people feel secured and comfortable on their way to success. Better income and employment positively influence life satisfaction due to the fact that people realize their potential and enjoy what they do in life. Without college education people can hardly realize their life ambitions, set career goals and get enough resources for happy life. According to Pascarella and Terenzini, people with college degree tend to be