The more than 18,000 Arizona students who dropped out of high school this year will produce $7.6 billion less economic activity over their lifetimes than if those same students had graduated, according to a new report by the Arizona Mayors Education Roundtable.
Cutting the dropout rate in half would generate $3.8 billion more in economic benefits to the state for each graduating class.
Phoenix Mayor Greg Stanton and several Valley mayors released the research report, which measured the economic impact of high school dropouts in Arizona.
According to the report, each Arizona high school dropout results in a $421,280 loss in economic activity over his or her lifetime; each dropout results in a $463,500 economic loss — creating a $1.42 billion economic loss per graduating class; each dropout will earn $271,040 less over the course of their lifetime than counterparts who graduate; and each dropout will cost taxpayers an additional $98,520 more in crime-related expenses over the course of their lifetime.
The full report is available at azmayors.org/resources/college-and-career-readiness/.