Here's a side-effect of Arizona's perennially high rate of high-school dropouts -- economic costs of $7.6 billion.
That's the estimate provided this week by a study from the Arizona Mayors Education Roundtable. Did we mention that's just one year's worth of dropouts?
-Arizona No Longer the Nation's Leader in High School Dropouts
The model used to estimate this cost has been used nationwide, but this is the first time it's been applied to Arizona.
The average high school dropout in Arizona will make $271,040 less than a high school graduate, another $8,020 in tax losses for governments, as cost the rest of society $48,000 on health care, $98,520 for crime, and $1,420 for welfare.
That's $443,260 in fiscal losses in Arizona for one high school dropout. Well, actually, the state saves $21,980 because that person's not going to college, so dropouts only create a burden of $421,280.
Multiply that by the 20 percent of Arizona kids who don't graduate high school (18,100 in 2012), and you have $7.6 billion in lifetime economic losses from one graduating class. Or non-graduating class.
The report also broke it down by city, showing the lifetime economic losses from non-graduates in the class of 2012 will cost Phoenix $1.4 billion.
Got a tip? Send it to: Matthew Hendley.
Keep Phoenix New Times Free... Since we started Phoenix New Times, it has been defined as the free, independent voice of Phoenix, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Phoenix with no paywalls.