October 26, 2006 3:22 PM

B.A. = C-A-S-H
Posted by Douglas Eisenhartat 3:22 PM

A new report issued today by the US Census Bureau may answer the very question I posed in a Job Blog post two days ago ("Is college worth it?"):

How much is a bachelor's degree worth? About $23,000 a year, the government said in a report released Thursday.

That is the average gap in earnings between adults with bachelor's degrees and those with high school diplomas, according to data from the Census Bureau.

And that's not all:

College graduates made an average of $51,554 in 2004, the most recent figures available, compared with $28,645 for adults with a high school diploma. High school dropouts earned an average of $19,169 and those with advanced college degrees made an average of $78,093.

The apparent moral of the story: stay in school - as long as you can.

Read the full article.