Show Education Means More Mone Money Over an average lifetime the typical male college graduates graduates graduates grad grad- 4 or more years of college in the United States will earn or 59 per percent percent percent cent more than the man who is only a high school grad grad- THIS FACT is brought out in a report on the value of education prepared by Utah Foundation the private re research research research re- re search organization and is based on data gathered by the U. U S S. S Bureau of the Census According to the study the average male with four or more years of college would earn a total of between between between be be- tween age 18 and death This compares with avera average e lifetime lifetime lifetime life life- time earnings of for a amale amale amale male with for years of high school for an ual with only eight years of elementary schooling and for a person with fewer than eight years of schooling For all edt education groups the average earnings during a lifetime amounted to which was an increase increase increase in in- crease of or 53 per percent percent percent cent over the past ten years THE FOUNDATION report emphasizes that the above lifetime lifetime lifetime life life- time earning figures are based on averages for men in selected selected selected se se- age groups during 1966 and do not reflect earning increases increases increases in in- creases that have occurred since that time or are likely to occur in the future Foundation analysts point out that the U. U S. S Bureau of Census data sheds considerable considerable considerable consider consider- able light on the economic value of an education to the I i individual They note how- how t ever that there is an added question of what portion of f the costs in providing such an an n education should be borne b by the State an and d what portion n by the individual I 1 According to the Utah Foundation Foun Foun- Foundation dation study the educational education 1 level of adults in the United States has been rising m materially materially ma- ma during recent years For example the median nuni num ber bel of years of schooling com completed completed comb by men over 25 23 years of age rose from in 1957 to in 1967 During this same period the proportion of trained college-trained men in th the U. U S. S adult population in increased increased increased creased by 35 percent while the proportion with eight o or orless or orless less years of schooling de declined de-d de dl dined by 24 percent i j |