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Report Shows College Grads Earn More, Face Less Unemployment

Ryan McVay/Digital Vision/Thinkstock(WASHINGTON) -- College graduates earn far more money than most people without a degree and the gap is continuing to grow, according to a new report released Tuesday by Georgetown University.

"On average if you get a bachelor's degree you'll earn 84 percent more than somebody who has high school degree," says Anthony Carnevale of the Georgetown University Center on Education and the Workforce.

Graduates also face a lower rate of unemployment.

"They're out of work at about one-third the rate of people with only high school degrees," says Carnevale.

And while some college majors carry far more earnings potential than others, "the higher degree level in general will make you more salable once the economy comes around," he adds.

Copyright 2011 ABC News Radio

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