CFED Assets & Opportunity Scorecard
Four-Year Degree by Income
Definition
Ratio of the percent of the population in the top household income quintile to the population in the bottom household income quintile 25 years old and over with at least a 4-year degree, 2011.
Calculated by dividing the higher value by the lower value, i.e., the college attainment rate of the top income quintile by the bottom income quintile. Income quintiles are calculated at the state level, and the income thresholds used to define quintiles can be found here.
A ratio of 1 indicates perfect equality; the higher the ratio, the greater the inequality. For example, the college attainment rate of people in the top income quintile in Kentucky is 7.5 times higher than for people in the bottom income quintile.
Description
Individuals with a four-year degree are more likely to experience income and asset growth over the course of their lifetimes than persons who do not have college degrees. This is a self-perpetuating cycle as persons from low-income families are also less-likely to finish college than their wealthier counterparts.
This measure describes the disparity in college attainment between higher and lower-income populations. In every state, populations in the bottom fifth of the income distribution have much lower rates of college attainment than populations in the upper fifth of the income distribution. For example, in Alabama, four-year degrees are 6.6 times more prevalent among the highest income households than among the lowest-income households (43.3% and 6.6%, respectively).
Four-Year Degree by Income
Source
2011 American Community Survey. Washington, DC: U.S. Department of Commerce, Census Bureau, 2012.
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