Affluence in The United States - Education

Education

Further information: Educational attainment in the United States

Educational 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).

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Famous quotes containing the word education:

    “The want of education and moral training is the only real barrier that exists between the different classes of men. Nature, reason, and Christianity recognize no other. Pride may say Nay; but Pride was always a liar, and a great hater of the truth.”
    —Susanna Moodie (1803–1885)

    “You are told a lot about your education, but some beautiful, sacred memory, preserved since childhood, is perhaps the best education of all. If a man carries many such memories into life with him, he is saved for the rest of his days. And even if only one good memory is left in our hearts, it may also be the instrument of our salvation one day.”
    —Feodor Dostoyevsky (1821–1881)

    “If education is always to be conceived along the same antiquated lines of a mere transmission of knowledge, there is little to be hoped from it in the bettering of man’s future. For what is the use of transmitting knowledge if the individual’s total development lags behind?”
    —Maria Montessori (1870–1952)