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More than 1.3 million high school students fail to earn a diploma every year.1 Kids who quit school don't just suddenly drop out; it's more of a slow fade. Typically it begins in the ninth grade, if not earlier, often when life hits a particularly nasty patch and racking up credits in class no longer seems especially compelling or plausible.2
Dropouts cost everyone! One dropout costs the nation approximately $260,000 in lost earnings, taxes, and productivity.3 States could save more than $17 billion if those young people earned high school diplomas.3 If the students who dropped out of the Class of 2008 had graduated, for example, the nation’s economy would have benefited from an additional $319 billion in income over their lifetimes.6 …more than twelve million students will drop out during the course of the next decade — at a loss to the nation of more than $3 trillion.6 If the nation had graduated 100 percent of its high school students ten years ago, the money the additional graduates would have put back into the economy would have covered the entire cost of running the federal government in 2009.6
Dropping out is a million dollar mistake for the student! High school drop outs are 72% more likely to be unemployed.4 Dropouts earn 27% less than high school graduates..4 Dropouts earn 27% less than high school graduates.5 On average, a high school graduate lives 6-9 years longer than a dropout.6 A college graduate will earn, on average, $1 million more than a high school dropout. Dropping out is literally a million-dollar mistake.6 Even more tragic, their children are more likely to become high school dropouts themselves, as are their children’s children, and so on, in a possibly endless cycle of poverty.6 |
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This project is partially funded through the Wicomico Partnership for Families and Children, the Local Management Board for Wicomico County, with funding from the Governor’s Office for Children/Children’s Cabinet Interagency Fund.
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Kids of Honor Facts®: Dropping Out
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