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Money Matters: Report labels America 'undereducated'

Reported by: Jaime Gerik
Email: jgerik@fox34.com
Last Update: 7/14/2011 10:44 am
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University researchers say the United States is the number one industrialized nation when it comes to income inequality. A new report traces this back to not enough diplomas in the workforce.

Dr. Steven Rose says the report shows the economy will grow stronger if more young people are more educated.

"If we have more of our young people and more of adults get more post-secondary education, including getting a certificate at a vocational and technical institution, a two-year degree and a four-year degree," Rose said. "And without doing that, inequality will lose $500 billion a year in lost output."

He says the lack of education is across the board, though there is strong demand for science, technology and engineering.

Click the video to the right to watch the full interview.

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