Looking to make money? Stay in school.
We know, we know, you’ve heard it before…
But now it’s backed by facts!
The U.S. Census Bureau has determined education now has the largest impact on what you earn.
Based on data from before the recession, between 2006 to 2008, the report estimates that over a forty-year career, the variation in annual earnings between the least educated (or those with an eighth grade education or less) and the most educated (those with a doctorate degree) is $72,000.”
Don’t be fooled. Race and gender are each still contributors, as well.
Among full-time, year-round workers, white men with professional degrees make nearly 49 percent more in lifetime earnings than white women with a comparable education level. The gender gap is narrower for blacks with professional degrees: black men with professional degrees earn 24 percent more in lifetime earnings than their female counterparts.”
If a certain Republican presidential contender has their way, we all might be getting quite the return on our tuition.