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/PRNewswire/ As the U.S. continues to grapple with increasing income inequality, the nonprofit Year Up announced today the results of a new report by Abt.
Abt Report Shows Benefits Far Exceed Costs
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May 5, 2021
Rockville, Md. – Abt Associates today announced that the national Year Up program generated some of the largest sustained earnings gains ever reported for a job training program for low-income young adults. Abt’s evaluation found that gains lasted through the end of a five-year follow-up period. By the fifth year, participants’ average annual earnings were nearly $8,000 (34 percent) higher than the earnings of a randomly assigned control group.
The evaluation also found that:
the program returned $1.66 in net benefits to society for every dollar spent in the first five years
the program boosted average hourly wages by 22 percent, from $15.20 to $18.55