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:
“Give a girl an education and introduce her properly into the world, and ten to one but she has the means of settling well, without further expense to anybody.”
—Jane Austen (1775–1817)
“As for the graces of expression, a great thought is never found in a mean dress; but ... the nine Muses and the three Graces will have conspired to clothe it in fit phrase. Its education has always been liberal, and its implied wit can endow a college.”
—Henry David Thoreau (1817–1862)
“It is not every man who can be a Christian, even in a very moderate sense, whatever education you give him. It is a matter of constitution and temperament, after all. He may have to be born again many times. I have known many a man who pretended to be a Christian, in whom it was ridiculous, for he had no genius for it. It is not every man who can be a free man, even.”
—Henry David Thoreau (1817–1862)