There are many things that go into determining the success or failure of an economy, and the importance of education in economic growth is at the top of the list. Without education, the average economy would probably be suffering from a severe decline. Today's economy is suffering as a result of the fact that too many people have been unable to go to college or obtain a higher education because they cannot afford it. In addition, the cost of college has skyrocketed, leaving many people with impossible debt balances and less than high school diplomas.
What can be done to improve the situation? Education is the key! The number of people without a higher education has increased dramatically. There are many reasons why this is happening, but the most important thing is that people simply aren't willing to pay the high prices that are associated with obtaining a higher education. They understand the importance of education in economic growth, but they just can't afford it. This is a major problem, one that needs to be addressed immediately.
Thankfully, there are now options out there that will allow people to get the education they need for less money. For example, community colleges are becoming extremely popular for this reason. Community colleges are free and they provide the same level of education as a four-year university does. This option is fantastic for two reasons:
First, the amount of education received by someone is correlated to their earnings. People with more education typically make more money than those with less education. This means that someone with a bachelor's degree is going to have a much better chance of being able to get a good job than someone who hasn't had any type of education. This is the biggest piece of the economic growth puzzle. Someone with more education is going to have a better chance of getting a good paying job, which will lead to more income and more opportunity for everyone.
Second, another benefit of having a bachelors degree is that it opens up many career possibilities for you. If you are a person who has never gone to school before, you may feel like you don't really have any opportunities because you're stuck in the same job you've always worked at. However, this couldn't be further from the truth. Having an advanced degree opens up more doors. Not only will you have more options, but you will also have better options.
It's absolutely true that education is vital to economic growth. However, it doesn't have to cost the ground of the earth. There are many great programs out there that you can benefit form, and they cost very little money. You should definitely look into them if you're looking for ways to improve your life and your opportunities.