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:

    “I am not describing a distant utopia, but the kind of education which must be the great urgent work of our time. By the end of this decade, unless the work is well along, our opportunity will have slipped by.”
    —Lyndon Baines Johnson (1908–1973)

    “If you complain of neglect of education in sons, what shall I say with regard to daughters, who every day experience the want of it? With regard to the education of my own children, I find myself soon out of my depth, destitute and deficient in every part of education. I most sincerely wish ... that our new Constitution may be distinguished for encouraging learning and virtue. If we mean to have heroes, statesmen, and philosophers, we should have learned women.”
    —Abigail Adams (1744–1818)

    “Do we honestly believe that hopeless kids growing up under the harsh new rules will turn out to be chaste, studious, responsible adults? On the contrary, by limiting welfare, job training, education and nutritious food, won’t we plant the seeds for another bumper crop of out-of-wedlock moms, deadbeat dads and worse?”
    —Richard B. Stolley (20th century)