WHY 55 BY 25

THE ECONOMIC IMPERATIVE FOR INCREASING ATTAINMENT

According to the Georgetown Center on Education and the Workforce, by 2020, 65 percent of all jobs will require postsecondary education. The Center found that 95 percent of jobs created since the “Great Recession” have gone to those with at least some college education.

KEY TAKEAWAY FROM 1A TARGET INDUSTRY STRATEGY

“Increasingly, the level of education of a community’s population is becoming a decisive factor in economic competitiveness. Firms understand the need to operate in economies that offer a sufficient supply of workers that meet or exceed their demands. They also know that the lack of an educated workforce can significantly affect business performance.”

 — Garner Economics, One Acadiana Target Industry Strategy

STARTING FROM BEHIND AS A REGION

In terms of the percent of adults (age 25+) with an associate degree or higher:

  •  Louisiana ranks 48th as a state
  • Within Louisiana, Acadiana ranks in the bottom half (5th out of 8) as a region

Check out more education information on the Acadiana Education Dashboard

A GROWING SENSE OF URGENCY

For many years, the blessings of the oil and gas industry – where one could earn a good living without a postsecondary degree – created an environment where higher education was desirable but not essential. As our regional economy evolves, many more of our citizens will need postsecondary degrees and high-quality credentials to equip them for good jobs and good wages.

PERCENT OF ACADIANA ADULTS AGE 25+ WITH A POST SECONDARY DEGREE*

Based on the current trajectory, we will need to increase attainment by 12 percentage points in order to achieve the “55 by 25” goal.