A new study has concluded that Kentucky's state coffers could be increased by $900 million a year if the number of people in the state with at least an associate degree were to increase to the national average. This week on the Business Side Alan Lytle talks with Chris Bollinger of the University of Kentucky's Center for Business and Economic Research, which released the report.
CBER estimates that increasing the percentage of working-aged Kentuckians with an associate's degree or higher from 33 percent to 40 percent would generate $500 million a year in state tax revenues and save the state another $400 million spent on health care and anti-poverty programs.
Kentucky currently ranks 44th in the nation.
Council on Postsecondary Education President Robert King says the report underscores the benefits that college degrees have on both an individual's earnings and the state's taxpayers.
