Education
Further information: Educational attainment in the United StatesEducational attainment plays a major factor in determining an individual's economic disposition. Personal income varied greatly according to an individual's education, as did household income. Incomes for those employed, full-time, year-round and over the age of twenty-five ranged from $20,826 ($17,422 if including those who worked part-time) for those with less than a ninth grade education to $100,000 for those with professional degrees ($82,473 if including those who work part-time).
This median income for individuals with doctorates was $79,401 ($70,853 if including those who work part-time). These statistics reveal that the majority of those employed full-time with professional or doctoral degrees are among the overall top 10% (15% if including those who work part-time) of income earners. Of those with a master's degree, nearly 50% were among the top quarter of income earners (top third if including those who work part-time).
Read more about this topic: Affluence In The United States
Famous quotes containing the word education:
“One is rarely an impulsive innovator after the age of sixty, but one can still be a very fine orderly and inventive thinker. One rarely procreates children at that age, but one is all the more skilled at educating those who have already been procreated, and education is procreation of another kind.”
—G.C. (Georg Christoph)
“The education of females has been exclusively directed to fit them for displaying to advantage the charms of youth and beauty. ... though well to decorate the blossom, it is far better to prepare for the harvest.”
—Emma Hart Willard (1787–1870)
“She gave high counsels. It was the privilege of certain boys to have this immeasurably high standard indicated to their childhood; a blessing which nothing else in education could supply.”
—Ralph Waldo Emerson (1803–1882)