Masters degree worth $2.5 million income over a lifetime
The Census Bureau has a report titled "The Big Payoff: Educational Attainment and Synthetic Estimates of Work-Life Earnings" According to this report a college master’s degree wi worth 1. 3 million more in life time earnings over that of a high school diploma.
The report also reveals that over an adult's working life, high school graduates can expect, on average, to earn $1.2 million; those with a bachelor's degree, $2.1 million; and people with a master's degree, $2.5 million.
People with even higher degrees say a doctoral degree earn an average of $3.4 million during their working life, while those with professional degrees, such as doctor, lawyer etc do best at $4.4 million.
The figures are based on 1999 earnings projected over a typical work life, defined as the period from ages 25 through 64. This is very interesting research and an ariticle you should have your highschool student read.
Friday, February 23, 2007
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