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:

    “There comes a time in every man’s education when he arrives at the conviction that envy is ignorance; that imitation is suicide; that he must take himself for better for worse as his portion; that though the wide universe is full of good, no kernel of nourishing corn can come to him but through his toil bestowed on that plot of ground which is given him to till.”
    —Ralph Waldo Emerson (1803–1882)

    “A good education ought to help people to become both more receptive to and more discriminating about the world: seeing, feeling, and understanding more, yet sorting the pertinent from the irrelevant with an ever finer touch, increasingly able to integrate what they see and to make meaning of it in ways that enhance their ability to go on growing.”
    —Laurent A. Daloz (20th century)

    “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)