A study by the Lumina Foundation finds that in 2011, 38.7% of U.S. working-age adults had two- or four-year college degrees, up from 38.1% percent in 2009. At that rate, slightly more than 48% of adults ages 25 to 64 will have degrees by 2025, short of the 60% goal set by the study's authors. The study says graduation gaps persist and can be linked to race, income and class.

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