College Degree Worth an Extra $23,000 a Year

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A report released by the government today shows that a bachelor's degree is worth about 23-thousand dollars a year.

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

College graduates made an average of 52-thousand dollars in 2004, the most recent figures available, compared with about 29-thousand dollars for adults with a high school diploma. High school dropouts earned an average of 19-thousand dollars and those with advanced college degrees made an average of 78-thousand dollars.

Among the other findings in the report include that Texas had the lowest proportion of adults with at least a high school diploma, about 78 percent. It was followed closely by Kentucky and Mississippi.