EDUCATION: THE MOST EFFECTIVE WAY OF REDUCING POVERTY

In Colombia and neighbor countries the difference in salaries of professionals as compared to non professionals is huge and hence a low income family that is able to graduate a professional can escape poverty for good.

less unemployment

​A study published by the Colombian central bank (Banco de la República) concluded that the rate of unemployment in young individuals that do not attend the university is twice as much as that of college graduates.

ACCESs to better salaries

​In Colombia almost 75% of the labor market earns 2 or less minimum wages, while only 51% of the college graduates come from families within such salary ranges.

EDUCATION AND LIFE QUALITY

According to Simone Cecchini, Social Matters Officer with the Social Development Division from the Economic Commission for Latin America (CEPAL), life quality is directly proportional to education levels. In order for a country to avoid falling into poverty, on average each person must have between 10 to 14 years of formal education.