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).

Read more about this topic:  Affluence In The United States

Famous quotes containing the word education:

    “A President must call on many persons—some to man the ramparts and to watch the far away, distant posts; others to lead us in science, medicine, education and social progress here at home.”
    —Lyndon Baines Johnson (1908–1973)

    “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)

    “Whether in the field of health, education or welfare, I have put my emphasis on preventive rather than curative programs and tried to influence our elaborate, costly and ill- co-ordinated welfare organizations in that direction. Unfortunately the momentum of social work is still directed toward compensating the victims of our society for its injustices rather than eliminating those injustices.”
    —Agnes E. Meyer (1887–1970)