I've been a long-time supporter of college education. I think that a college degree puts you so far ahead in life that it's utterly necessary in today's competitive business world.

Now the government released a report backing what I've said all along.

According to the Census Bureau, a bachelor's degree is worth about $23,000 a year. That's the average gap in earnings between adults who graduated from college and those who just have high school diplomas.

College graduates make an average of about $51,000 a year compared with only about $28,000 for people with just a high school diploma. High school dropouts, on the other hand, earn an average of roughly $19,000...and those with advanced college degrees make approximately $78,000.

It doesn't matter if you're a man or a woman or what race or ethnic group you belong to. If you go to college, you end up making a lot more money. It's that simple.

And I can't think of a better reason to get a college degree.

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