High School Graduation Rates, Out-of-Wedlock Births and Median Family Income

Posted by PITHOCRATES - April 3rd, 2014

 Politics 101

(Originally published July 25th, 2013)

Colleges use Affirmative Action to Increase Diversity because only 66.1% of Blacks Graduate from High School

Interest rates recently went up for student loans.  Something that greatly angered the left.  Blaming the Republicans for playing politics with our children’s future.  For a college education is the pathway to a good, high-paying job.  A college education is so critical to a person’s future success that everyone should have access to a low-cost student loan.  And because a college education is so important this should not be a privilege of the rich.  Or whites.  Colleges should use affirmative action to ensure a diversity of students.  Because our differences, they say, make us better.

Yes, a college degree is important.  And the data backs this up.  The median family income in 2009 for someone with a bachelor’s degree was $90,530 (see Table 698. Money Income of Families—Distribution by Family Characteristics and Income Level: 2009 posted on census.gov).  Those with only a high school diploma earned $48,637.  While those who didn’t graduate from high school only earned $31,119.  So clearly a college degree is the pathway to a good, high-paying job.  Of course, to get that college degree you first have to enroll into college.  And to do that you need to graduate from high school.  So graduating from high school, then, is the gateway to those good, high-paying jobs.  Which, as it turns out, is the reason we need affirmative action to ensure that diversity of students.

According to the National Center for Education Statistics (see National public high school graduation rate at a four-decade high by Lyndsey Layton posted 1/22/2013 on The Washington Post), not everyone is graduating from high school at the same rate.  Looking at the breakout for three races we find that Asians are graduating 93% of the time.  Whites are graduating 83% of the time.  While blacks are graduating only 66.1% of the time.  Which explains the need of affirmative action admission policies to achieve diversity at our colleges and universities.  For when blacks are only 13% of the population and only 66.1% of them are graduating from high school you’re not going to get a lot of diversity without affirmative action.

Married People with College Degrees have Higher Median Family Incomes than Unmarried High School Dropouts

Going back to the Census data we can see a correlation between these high school graduation rates and median family income.  Those with the highest graduation rate (Asians) earned $75,027.  Those with the next highest graduation rate (whites) earned $62,545.  While those with the lowest graduation rate (blacks) earned $38,409.  Which clearly shows that high school graduates earn more than high school dropouts.  And because Asians and whites have higher high school graduation rates than blacks they have higher median family incomes than blacks.

So we know that to earn a decent income you need a college degree.  And to get that you need a high school diploma.  But is there anything else that has a big influence on a family’s median income?  As it turns out, yes.  Going back to the Census data we see that a family with a married couple earned $71,627.  A male householder with no spouse present earned $41,501.  While a female householder with no spouse present earned only $29,770.

If you want to earn a lot of money, then, the way is clear.  Graduate from high school.  Go on to college and earn a degree.  Then settle down.  Get married.  And raise a family.  A common thread at every stage of this pathway is personal discipline.  Staying in and studying instead of going out and partying.  And once you start working start a family.  For the heavy responsibility of raising children keeps people from staying up late and partying with friends.  Get’s them to work on time in the morning.  And drives them to advance in their careers to provide more for their families.  Things employers like in employees.  Making it easier for these people to climb the career ladder.

The People with the Highest Median Family Income also have the Lowest Out-of-Wedlock Births

A child growing up in a household with a married couple where at least one has a college degree will probably learn the values of his or her parents.  To work hard.  Exercise self-discipline.  And work towards a long-term goal.  Don’t take the easy way.  Don’t take the fun way.  Make sacrifices now that will help you attain your long-term goals.  And it starts with studying and doing your homework.  For a high school diploma is only the first bridge to cross of many to come.  And if you don’t get across that first bridge you will advance no further down the road towards a good, high-paying job.

The family structure, then, is key.  A child needs to learn the values that will let him or her exceed in life.  And a married couple provides twice the parenting of a single-parent household.  And doubles the earnings potential.  By allowing one parent to pursue a full-time career.  Which leads to greater income.  Without having to sacrifice parenting time.  Or risk burning out from trying to do everything alone.  And the numbers prove this.  According to Census data (see Social and Economic Characteristics of Currently Unmarried Women With a Recent Birth: 2011 posted on census.gov), the number of children being born out-of-wedlock differ greatly across the above three racial groups.  Asians have the lowest out-of-wedlock births at 11.3%.  While whites come in at 29.2%.  And blacks come in at 67.8%.

The people with the highest median family income also have the lowest out-of-wedlock births.  Confirming that the path towards a high-paying job is a high school diploma.  A college education.  Being careful NOT to have any children until you’re married.  And after you graduate from college and establish a career get married and raise a family.  In other words, personal discipline.  Sacrificing short-term fun.  For long-term success.  Suggesting the reason why blacks earn a lower family median income than most is because of their high out-of-wedlock birthrate.  Young black women having children before they graduate from high school.  Which prevents them from crossing that first bridge on the road towards a good, high-paying job.  Making her life more difficult.  And giving her children a distinct disadvantage.  At least, based on the Census data.

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Democrats help Colleges and Universities sell kids Useless Degrees with no Market Value

Posted by PITHOCRATES - December 29th, 2013

Week in Review

All you hear from Washington is that we need to spend more on education.  We need to help more kids afford a college education.  To help subsidize the high cost of education.  Though they never question why the cost of education is so high.  Never.  Tuition keeps going up.  And they keep saying we need to spend more on education.

More people than ever are going on to college.  Because it’s a lot of fun.  Drinking and partying.  The drugs.  The sex.  Kids love getting out from underneath their parent’s supervision.  And going to a party college.  Where they can have a good time.  All of the time.  Of course, taking tough majors could get in the way of that fun.  Like math and science majors.  The kind of majors businesses are hiring out of college.  But these majors are hard.  And do intrude on that fun.  So a lot of kids take easier majors.  They still pay a fortune for them.  But their universities and colleges gladly take their money knowing full well that their odds of getting a job with that major are slim (see Duke Grad Student Secretly Lived In a Van to Escape Loan Debt by Mandi Woodruff, Business Insider, posted 12/27/2013 on Yahoo! Finance).

Yahoo editors have selected this article as a favorite of 2013. It first ran on Yahoo Finance on June 10 and was one of the most popular stories of the year. The article details the extreme lengths Ken Ilgunas went to in order to pay back his big student debt bill.

By the time Ken Ilgunas was wrapping up his last year of undergraduate studies at the University of Buffalo in 2005, he had no idea what kind of debt hole he’d dug himself into.

He had majored in the least marketable fields of study possible — English and History — and had zero job prospects after getting turned down for no fewer than 25 paid internships.

“That was a wake-up call,” he told Business Insider. “I had this huge $32,000 student debt and at the time I was pushing carts at Home Depot, making $8 an hour. I was just getting kind of frantic.”

Back then, student loans had yet to become the front page news they are today. Ilgunas could have simply deferred his loans or declared forbearance. He also could have asked his parents (who were more than willing to help) for a leg up. He could have thrown up his hands and gone to grad school until the job market bounced back.

Instead, he moved to Alaska and spent two years paying back every dime. And when he enrolled at Duke University for graduate school later, he lived out of his van to be sure he wouldn’t have to take out loans again.

Ken’s story is a little different as he really wanted to be a writer.  And he took whatever job he could to repay his student loan.  And then earned his master’s without another student loan.  But there are so many kids who are enticed to take on great student loan debt to earn a degree that has little market value in a high-tech economy.  And our colleges and universities sell these degrees to these unsuspecting kids.  They get their money.  Allowing tenured professors and college administrators to live the good life.  While these kids are stuck paying off their debt with their $8/hour jobs that they could have gotten without that expensive college degree.  Or taxpayers end up paying for them.  With taxpayer-subsidies.  Or student loan bailouts.  Which may be coming if Democrats get their way.

Our colleges and universities are slinging these useless degrees for the money.  For higher education is a business.  And a profitable one.  The one type of business that the left doesn’t mind making a profit.  Even an obscene profit.

The Democrats help them with cheap student loans, subsidies and the promise of bailouts to keep that money flowing to them.  And in exchange they teach our kids how to be good Democrat voters.  Which they do.  As the vast majority of our young vote Democrat.  Even when they have to repay their student loans with their $8/hour jobs.  But that may change.  As more of them can’t find work with their expensive degrees they may dissuade their friends and younger siblings from making the same mistake.  Especially as they now have to deal with the high cost of the Affordable Care Act.  Which may be the tipping point for the young.  For as much as the Democrats say they are looking out for them their lives just don’t get better when Democrats win elections.

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High School Graduation Rates, Out-of-Wedlock Births and Median Family Income

Posted by PITHOCRATES - July 25th, 2013

Politics 101

Colleges use Affirmative Action to Increase Diversity because only 66.1% of Blacks Graduate from High School

Interest rates recently went up for student loans.  Something that greatly angered the left.  Blaming the Republicans for playing politics with our children’s future.  For a college education is the pathway to a good, high-paying job.  A college education is so critical to a person’s future success that everyone should have access to a low-cost student loan.  And because a college education is so important this should not be a privilege of the rich.  Or whites.  Colleges should use affirmative action to ensure a diversity of students.  Because our differences, they say, make us better.

Yes, a college degree is important.  And the data backs this up.  The median family income in 2009 for someone with a bachelor’s degree was $90,530 (see Table 698. Money Income of Families—Distribution by Family Characteristics and Income Level: 2009 posted on census.gov).  Those with only a high school diploma earned $48,637.  While those who didn’t graduate from high school only earned $31,119.  So clearly a college degree is the pathway to a good, high-paying job.  Of course, to get that college degree you first have to enroll into college.  And to do that you need to graduate from high school.  So graduating from high school, then, is the gateway to those good, high-paying jobs.  Which, as it turns out, is the reason we need affirmative action to ensure that diversity of students.

According to the National Center for Education Statistics (see National public high school graduation rate at a four-decade high by Lyndsey Layton posted 1/22/2013 on The Washington Post), not everyone is graduating from high school at the same rate.  Looking at the breakout for three races we find that Asians are graduating 93% of the time.  Whites are graduating 83% of the time.  While blacks are graduating only 66.1% of the time.  Which explains the need of affirmative action admission policies to achieve diversity at our colleges and universities.  For when blacks are only 13% of the population and only 66.1% of them are graduating from high school you’re not going to get a lot of diversity without affirmative action.

Married People with College Degrees have Higher Median Family Incomes than Unmarried High School Dropouts

Going back to the Census data we can see a correlation between these high school graduation rates and median family income.  Those with the highest graduation rate (Asians) earned $75,027.  Those with the next highest graduation rate (whites) earned $62,545.  While those with the lowest graduation rate (blacks) earned $38,409.  Which clearly shows that high school graduates earn more than high school dropouts.  And because Asians and whites have higher high school graduation rates than blacks they have higher median family incomes than blacks.

So we know that to earn a decent income you need a college degree.  And to get that you need a high school diploma.  But is there anything else that has a big influence on a family’s median income?  As it turns out, yes.  Going back to the Census data we see that a family with a married couple earned $71,627.  A male householder with no spouse present earned $41,501.  While a female householder with no spouse present earned only $29,770.

If you want to earn a lot of money, then, the way is clear.  Graduate from high school.  Go on to college and earn a degree.  Then settle down.  Get married.  And raise a family.  A common thread at every stage of this pathway is personal discipline.  Staying in and studying instead of going out and partying.  And once you start working start a family.  For the heavy responsibility of raising children keeps people from staying up late and partying with friends.  Get’s them to work on time in the morning.  And drives them to advance in their careers to provide more for their families.  Things employers like in employees.  Making it easier for these people to climb the career ladder.

The People with the Highest Median Family Income also have the Lowest Out-of-Wedlock Births

A child growing up in a household with a married couple where at least one has a college degree will probably learn the values of his or her parents.  To work hard.  Exercise self-discipline.  And work towards a long-term goal.  Don’t take the easy way.  Don’t take the fun way.  Make sacrifices now that will help you attain your long-term goals.  And it starts with studying and doing your homework.  For a high school diploma is only the first bridge to cross of many to come.  And if you don’t get across that first bridge you will advance no further down the road towards a good, high-paying job.

The family structure, then, is key.  A child needs to learn the values that will let him or her exceed in life.  And a married couple provides twice the parenting of a single-parent household.  And doubles the earnings potential.  By allowing one parent to pursue a full-time career.  Which leads to greater income.  Without having to sacrifice parenting time.  Or risk burning out from trying to do everything alone.  And the numbers prove this.  According to Census data (see Social and Economic Characteristics of Currently Unmarried Women With a Recent Birth: 2011 posted on census.gov), the number of children being born out-of-wedlock differ greatly across the above three racial groups.  Asians have the lowest out-of-wedlock births at 11.3%.  While whites come in at 29.2%.  And blacks come in at 67.8%.

The people with the highest median family income also have the lowest out-of-wedlock births.  Confirming that the path towards a high-paying job is a high school diploma.  A college education.  Being careful NOT to have any children until you’re married.  And after you graduate from college and establish a career get married and raise a family.  In other words, personal discipline.  Sacrificing short-term fun.  For long-term success.  Suggesting the reason why blacks earn a lower family median income than most is because of their high out-of-wedlock birthrate.  Young black women having children before they graduate from high school.  Which prevents them from crossing that first bridge on the road towards a good, high-paying job.  Making her life more difficult.  And giving her children a distinct disadvantage.  At least, based on the Census data.

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Student Loan Debt is Rising while Household Incomes are Falling

Posted by PITHOCRATES - September 30th, 2012

Week in Review

Universities are doing well.  They rarely suffer during a recession.  Because one thing government does during a recession is encourage people to go back to college.  And get a new education.  So there is always money flowing into our houses of higher education.  But the people getting these degrees aren’t making out as well (see Number of U.S. households with student debt surges by Tiffany Hsu posted 9/28/2012 on the Los Angeles Times).

The share of American households with student debt has more than doubled in the last two decades, soaring to a record 19% in 2010 from 9% in 1989, according to a Pew Research Center analysis of government data…

In addition, overall household incomes continue their decade-long slide, according to the government. The median annual income slipped 1.5% last year to $50,054 compared with 2010. That’s 8.1% below the income level in 2007 and 8.9% less than the median in 1999.

More people are going to college.  Yet household incomes fell this last decade.  What can we conclude about this?  A couple of things.  A college education is not a guarantee to higher wages.  For it matters what that degree is in.  A degree in math or science will probably get you a high paying job.  A degree in philosophy or women’s studies is not likely to get you a high paying job.  If it can get you a job at all.  So a lot of universities are encouraging kids to go into debt to get a degree that will bring money into the university.  But it will probably not get them a job.

Another thing to take away from this is that even college students apparently want to earn a lot of money.  Despite the fact they typically vote for Democrats.  Who attack those who earn a lot of money.  So these newly degreed kids should not be surprised that their costly degrees are not bringing them higher earnings.  Because their political party makes it difficult for businesses to do well so they can hire new employees.  And provide high earnings and generous benefits.  Because high taxes and costly regulatory policies increases the cost of business.  Reducing what businesses can spend on employees.

If newly degreed kids out of college want high paying jobs (and want to more easily repay their student loans) they would be better off voting Republican.  Something to think about with the 2012 elections around the corner.  And kids going to college should consider getting a degree that has market value.  Even if these degrees are harder than degrees in philosophy or women’s studies.

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Congress keeping Student Loans Cheap for the Youth Vote while Increasing the Cost of Tuition

Posted by PITHOCRATES - June 30th, 2012

Week in Review

It’s an election year.  And both the Republicans and the Democrats are trying to garner the youth vote.  By making it easy for them to accumulate a massive student loan debt for what may prove to be a worthless degree in today’s economy.  Because of the highest unemployment since the Great Depression.  If you compare the U-6 unemployment rates.  Which is currently still north of 14%.  So it’s hard for new college graduates to find a job.  Especially for those with degrees in the liberal arts and the social sciences.  Which just aren’t in high demand in a high-tech economy.  But cheap student loans translate into happy students.  Later they’ll be disgruntled college graduates.  But the politicians don’t care about that.  Because at the time of the election they’ll be happy and grateful students looking to thank someone with their vote (see How Cheap Federal Loans May Harm Students by Rick Newman posted 6/25/2012 on US News).

The cost of a college education has been rising by about 9 percent per year over the last decade, more than three times the overall rate of inflation…For many families, education inflation is more onerous than the skyrocketing cost of healthcare, since you can’t buy insurance that pays for college.

Several factors are pushing tuition costs up, including cutbacks in state funding and an increasing number of students competing for university spots. But another pernicious cause may be a sharp increase in financial aid available to students, especially federally subsidized grants and loans…

That’s a huge commitment to college education, and a seemingly smart way for Washington to prioritize spending. Yet many experts say that all that aid artificially increases demand for a college education and the money available to pay for it, which pushes prices up. There was a disturbing parallel in the housing market a few years ago, when interest rates kept artificially low by the Federal Reserve, along with lax lending standards, generated a flood of money available for mortgages. That helped push home values far above healthy levels, creating the housing bubble that began to burst in 2006, triggering a brutal recession.

Employment at colleges and universities, meanwhile, has increased consistently over the last decade, in sharp contrast to the cutbacks that have occurred throughout the private sector and in state and local government. That suggests that there’s little cost pressure forcing universities to become more efficient, as many companies have been forced to do.

No one ever talks about the education bubble.  But after the subprime mortgage crisis we had a Congressional investigation and passed new regulations (Dodd-Frank).  And to address the high cost of health care we’ve attacked doctors, hospitals, private health insurance companies and pharmaceutical companies.  Even passed Obamacare (by saying the tax wasn’t a tax).  Yet educational costs are rising higher than even health care (at least from a parent’s perspective) and there’s no Congressional inquiry to find out why.  There are no administrators called before Congress to explain their excessive spending or the exploding costs of tuition that pays for that spending.  Or why they are even hiring more people while the private sector gets by with fewer people.  No.  Higher education gets a pass.  Why?

Because our colleges and universities teach our young students the most important thing in life.  To vote Democrat.  That’s why higher education gets a pass.  The Democrats always do well with the young and the college educated.  Especially those in the liberal arts and the social sciences.  Those courses without a lot of math.  Leaving the students a lot of time to have the time of their lives.  And to participate in the political activities of their leftist professors.  Those professors in the liberal arts and social sciences.

Still, the Republicans hope by making this a bipartisan action that they will deny some of these student voters from the Democrat column come election day.  Showing they can pander just as well as the Democrats.

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