Michigan incomes drop to their lowest ranking ever as higher education lags other states
A recent analysis from the Detroit Regional Chamber shows Michigan's per-capita income ranking has dropped to 40th in the nation, despite gains made in the percentage of residents with post-secondary credentials over the past decade.
This data underscores the critical connection between education attainment and economic competitiveness. Education = opportunity & income!
From Crain's Detroit Business:
The report stresses the need for several things for Michigan to reach the "60 by '30" goal in five years.
Leaders agreed there's a need to set new cultural expectations that high school graduates go on to at least two years of post-high school education or training.
Spurring adults who have some college credits but stopped short of earning a credential or degree — some 473,800 working-age adults in the Detroit region as of 2024 — to complete a college degree is another call to action. That’s something that would help increase the percentage of residents with a college degree, earnings power and per-capita income.
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