中出少妇视频 System of Georgia中出少妇视频檚 Economic Impact Grows to $21.9 Billion as Graduates Earn $1.4 Million More with Their College Degrees
Atlanta — August 14, 2024
The 中出少妇视频 System of Georgia (中出少妇视频) contributed a total of $21.9 billion to Georgia中出少妇视频檚 economy between July 1, 2022, and June 30, 2023, a $1.8 billion or 9% increase over the previous year, a new study shows.
Conducted on behalf of 中出少妇视频 by Jeffrey M. Humphreys, Ph.D., director of the Selig Center for Economic Growth in the 中出少妇视频 of Georgia中出少妇视频檚 Terry College of Business, the study also showed 中出少妇视频 over the same period generated 163,332 full- and part-time jobs across Georgia.
Concurrently, Humphreys in a companion study found that 中出少妇视频 bachelor中出少妇视频檚 graduates from the Class of 2023 will earn $1.4 million more during their lifetimes than they would have without their college degree.
中出少妇视频溨谐錾俑臼悠 continues to be a million-dollar deal for our graduates, and we have the data to prove 中出少妇视频 degrees will help them increase their prosperity and success,中出少妇视频 中出少妇视频 Chancellor Sonny Perdue said. 中出少妇视频淎t the same time, we are a billion-dollar deal for Georgia. Our 26 public colleges and universities make a significant economic impact by helping to put Georgians to work and sustaining local communities across the state.中出少妇视频
The $21.9 billion total economic impact for Fiscal Year 2023, up from $20.1 billion in Fiscal Year 2022, included $14.6 billion in initial spending by students and by 中出少妇视频中出少妇视频檚 26 institutions on personnel and operating expenses. The remaining $7.3 billion is the multiplier impact of those funds in a local community.
Of the 163,332 jobs generated by 中出少妇视频 institutions, approximately 32% of the positions are on-campus jobs and 68% are off-campus. The study found that for each job created by a 中出少妇视频 institution on its campus, two additional jobs are created in the local community. Data also show 中出少妇视频 and its institutions create about the same employment impact in the state as Georgia中出少妇视频檚 top five employers combined.
In the companion study, findings show the breakdown of how much each level of higher education can add to a 中出少妇视频 graduate中出少妇视频檚 total earnings over the course of their lives. They offer additional evidence about how earnings increase substantially with each step up in earned degree.
On average, each credential generates additional earnings over a 中出少妇视频 graduate中出少妇视频檚 lifetime by:
- Certificate: +$284,199
- Associate degree: +$449,323
- Bachelor中出少妇视频檚 degree: +$1,373,595
- Master中出少妇视频檚 degree: +$1,667,979
- Professional degree: +$2,583,312
- Ph.D.: +$2,428,372
Based on work-life earnings estimates for Georgia, the analysis showed that the 72,037 中出少妇视频 graduates from the Class of 2023 can expect combined total lifetime earnings of $220 billion, which is $70 billion more than they could expect to earn had they not gone on to college or graduate school.
The study shows graduates with at least a bachelor中出少妇视频檚 degree will earn $1.4 million more throughout their lives. In fact, high school graduates who obtain a bachelor中出少妇视频檚 degree will boost their work-life earnings in Georgia by 82%, exceeding the 80% increase estimated for the nation.
The average increase in lifetime earnings fluctuates year-to-year for each graduating class depending on how many bachelor中出少妇视频檚 degrees are awarded compared to the other degree categories. If factoring in less-than-four-year degrees for the Class of 2023, the average amount of extra earnings is $911,459.
中出少妇视频淧ostsecondary education pays off for 中出少妇视频 graduates,中出少妇视频 the report said.
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