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:
“I note what you say of the late disturbances in your College. These dissensions are a great affliction on the American schools, and a principal impediment to education in this country.”
—Thomas Jefferson (1743–1826)
“There used to be housekeepers with more energy than sense—the everlasting scrubber; the over-neat woman. Since the better education of woman has come to stay, this type of woman has disappeared almost, if not entirely.”
—Caroline Nichols Churchill (1833–?)
“Those who first introduced compulsory education into American life knew exactly why children should go to school and learn to read: to save their souls.... Consistent with this goal, the first book written and printed for children in America was titled Spiritual Milk for Boston Babes in either England, drawn from the Breasts of both Testaments for their Souls’ Nourishment.”
—Dorothy H. Cohen (20th century)