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What we can learn from the following article?These patterns may partly reflect the differences in the types of colleges and universities that first- and continuing-generation
What we can learn from the following article?These patterns may partly reflect the differences in the types of colleges and universities that first- and continuing-generation college students attend. Among recent bachelor's degree recipients, those whose parents have high levels of educational attainment are more likely to have graduated from a private, nonprofit four-year institution (rather than a public or for-profit institution.The economic outcomes of college-educated couples show that partnering with a continuing-generation college graduate tends to boost the household's economic fortunes. In 2019, the median household income of a couple in which both partners were first-generation college graduates was about $122,200. By comparison, in couples where both partners were continuing-generation college graduates, the median household income was about $180,200.This is true in part because an individual's earnings are connected not only with their own educational attainment, but also with their parents', meaning that continuing-generation college graduates tend to have higher earnings, on average, than first-generation graduates.Perhaps unsurprisingly, the net worth or wealth of college-educated couples also tends to be higher if the college graduates each have college-educated parents. The median net worth of two continuing-generation college graduates was about $569,700 in 2019, markedly outpacing the median wealth of two first-generation
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