The United States economy will face a gap of nearly 5 million college-educated workers by 2032, according to new research from Georgetown University’s Center on Education and the Workforce.

“Without massive and immediate increases in educational attainment, 171 occupations of the 561 we analyzed will face skills shortages through 2032,” said Nicole Smith, lead author and chief economist at the center at Georgetown.

As nearly 14 million young workers enter the labor market with postsecondary education, it won’t be enough to fill the gap of the over 18 million retiring from 2024 to 2032, according to the center.

At the same time, an additional 685,000 new jobs with postsecondary education requirements will be added.

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