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:

    “Until we devise means of discovering workers who are temperamentally irked by monotony it will be well to take for granted that the majority of human beings cannot safely be regimented at work without relief in the form of education and recreation and pleasant surroundings.”
    —Mary Barnett Gilson (1877–?)

    “There must be a profound recognition that parents are the first teachers and that education begins before formal schooling and is deeply rooted in the values, traditions, and norms of family and culture.”
    —Sara Lawrence Lightfoot (20th century)

    “Those who first introduced compulsory education into American life knew exactly why children should go to school and learn to read: to save their souls.... Consistent with this goal, the first book written and printed for children in America was titled Spiritual Milk for Boston Babes in either England, drawn from the Breasts of both Testaments for their Souls’ Nourishment.”
    —Dorothy H. Cohen (20th century)