Are you thinking of leaving school before graduation?
Or perhaps your child is not doing well in high school, and you’re wondering what to do?
Navigating high school is not always easy for students or parents and can sometimes prove challenging and stressful. You’re not alone in this situation. In fact, each year over 1.2 million students drop out of high school in the US. That’s the equivalent of one student every 26 seconds.
Unfortunately, dropping out of school can have far-reaching implications for the rest of your life. Not only can it significantly affect your financial future, but it can also have repercussions on other areas of your life as well. Read on to learn more about the true implications of dropping out of high school.
Higher Unemployment Rate
According to a recent study from the U.S Bureau of Labor Statistics, students who drop out of high school are two to three times more likely to be unemployed than degree holders. Indeed, data published in May 2021 indicates that 9.1% of high school dropouts were unemployed, contrasting with 5.9% for students with a college or associate degree, and 3.2% for students with a bachelor’s or more advanced degree. This is also much higher than the national average unemployment rate, which sits at 5.5%.
These statistics clearly show that a high school diploma is, without a doubt, key to maximizing your chance to have a job and carve out a successful career.
If you’re wondering whether staying in school pays off, the answer is yes. Data clearly suggests that as you achieve educational milestones, your earning potential increases.
In another recent study published by the U.S Bureau of Labor Statistics, it revealed a staggering difference in salary between high school dropouts and college or more advanced degree holders. For instance, in the third quarter of 2019, full-time workers without a high school diploma earned $606 a week on average compared with $749 a week on average for high school diploma graduates.
Each level of education you complete, starting with a high school diploma, can help you develop important skills, instantly giving you access to higher-paying jobs. Besides, it sends a clear signal to potential employers that you can carry on important tasks and that you’re consistent, reliable, and are capable of finishing what you’ve started. These are valuable qualities to employers.
Higher Risks of Being Incarcerated
We’re not saying that because you’re considering dropping out of high school, you’ll end up in an extreme like the criminal justice system. However, statistics show that there is, unfortunately, a higher chance for high school dropouts to be incarcerated than high school graduates. For instance, 80% of all males incarcerated in the US are high school dropouts. Not surprisingly, the repercussions of dropping out of high school go far beyond the labor market, increasing your risk of living in poverty, suffering health problems, and being incarcerated.
If you decide to drop out of school, you will reduce your opportunities for higher-paying jobs and increase the chances of adopting deviant behavior to support yourself financially. Avoiding those moments of desperation will depend on the support system you have around you and your ability to find gainful employment that can cover the expenses of living. By earning your high school diploma, you are making a positive choice to avoid those difficult decision in your future.
Are You Ready to Get Back on Track?
At Excel High School, we believe that it’s never too late to get back on track and earn your high school diploma. And we know how important getting your high school diploma can be for you to achieve financial success. Besides, this simple piece of paper can really boost your confidence, empowering you to tackle any challenges to reach your goals later in life and open up new opportunities.
That’s why we offer flexible online options to allow you to obtain both your high school diploma and college certificate/credits. We designed these programs to cater to different needs and aspirations.
Our team is committed to working with you to make sure you complete what you’ve started in the best conditions possible and unlock your true potential. So, if you feel unmotivated and disengaged and need some help to achieve success, don’t hesitate to get in touch with us to discuss your options.