Josh Zumbrun – WSJ: “In 2002, savings rates for people of all education levels was hovering between 1% and 3%. Your education didn’t have much to say about how you saved money. In early 2003, college graduates even briefly had negative savings rates, while everyone else was dutifully setting some cash aside. What a difference a decade and a recession make. Savings rose for everyone during the recession. But in the years since, savings rates are again diverging. It’s not surprising that college graduates can save more than high school graduates. (Just as it’s not stunning that older workers could save more than the young.) On average, their earnings are much higher. And the more money you have, the easier it is to save some of it. But over the past 10 years, the savings behavior of college graduates has significantly outpaced everyone else. As of the second quarter of 2014, college graduates were saving about 10.9%, compared with 5.4% for people with some college, and negative savings for high school graduates and high school dropouts, according to data from Moody’s Analytics. In the five years since the recession ended, college grads have been saving an average of 10%, compared to 4% for high school grads. The longer this continues, the more significant the implications for the wealth divide. According to the Federal Reserve‘s Survey of Consumer Finances, the median family headed by a college graduate earned $80,000 in 2013 while the median family headed by someone who finished with a high school diploma earned $37,000.”