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:
“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)
“Strange as it may seem, no amount of learning can cure stupidity, and formal education positively fortifies it.”
—Stephen Vizinczey (b. 1933)
“If factory-labor is not a means of education to the operative of to-day, it is because the employer does not do his duty. It is because he treats his work-people like machines, and forgets that they are struggling, hoping, despairing human beings.”
—Harriet H. Robinson (1825–1911)