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:

    “I think the most important education that we have is the education which now I am glad to say is being accepted as the proper one, and one which ought to be widely diffused, that industrial, vocational education which puts young men and women in a position from which they can by their own efforts work themselves to independence.”
    —William Howard Taft (1857–1930)

    “... education fails in so far as it does not stir in students a sharp awareness of their obligations to society and furnish at least a few guideposts pointing toward the implementation of these obligations.”
    —Mary Barnett Gilson (1877–?)

    “The fetish of the great university, of expensive colleges for young women, is too often simply a fetish. It is not based on a genuine desire for learning. Education today need not be sought at any great distance. It is largely compounded of two things, of a certain snobbishness on the part of parents, and of escape from home on the part of youth. And to those who must earn quickly it is often sheer waste of time. Very few colleges prepare their students for any special work.”
    —Mary Roberts Rinehart (1876–1958)