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:

    “In this world, which is so plainly the antechamber of another, there are no happy men. The true division of humanity is between those who live in light and those who live in darkness. Our aim must be to diminish the number of the latter and increase the number of the former. That is why we demand education and knowledge.”
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    “Tell my son how anxious I am that he may read and learn his Book, that he may become the possessor of those things that a grateful country has bestowed upon his papa—Tell him that his happiness through life depends upon his procuring an education now; and with it, to imbibe proper moral habits that can entitle him to the possession of them.”
    —Andrew Jackson (1767–1845)

    “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)