In the past, a high school diploma meant permanent entry into the middle class. That is no longer the case. Real, inflation-adjusted wages for high school graduates reached their peak in 1973 and have declined ever since. Meanwhile, college earnings have remained on an upward trajectory, and it is clear that a college degree is the ticket for success. Yet the cost of college tuition has increased faster than inflation for 30 consecutive years.
This memo is free for re-use with attribution. Check out our Issuu library to find embed code for your website or blog.



