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:
“There are words in that letter to his wife, respecting the education of his daughters, which deserve to be framed and hung over every mantelpiece in the land. Compare this earnest wisdom with that of Poor Richard.”
—Henry David Thoreau (1817–1862)
“We find that the child who does not yet have language at his command, the child under two and a half, will be able to cooperate with our education if we go easy on the “blocking” techniques, the outright prohibitions, the “no’s” and go heavy on “substitution” techniques, that is, the redirection or certain impulses and the offering of substitute satisfactions.”
—Selma H. Fraiberg (20th century)
“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)