Does Education Really Affect Income? – freecareerinfo.com

June 22, 2007 at 8:25 pm · Filed under Uncategorized

How many times have you thought about going back to school, but then realized you don’t have the time or money? I think just about everyone thinks about furthuring their education, especially when they’re broke and unhappy.  What most of us get stuck on is, will going back to school really make a difference financially in my life? Well, according to the U.S. Department of Labor, it really does.  In 2005, their data showed that people over age 25 who only had a high-school diploma, earned a weekly average wage of $583.  Now this is an average, so depending on the state, company, industry, etc., this number will go up or down.  The interesting part about this number is that if you were to go back and get your associate degree, you’d make a median weekly earnings of $699.  If you went back and got your bachelor’s degree, you’d make an average of $937 a week.  That’s almost twice as much money a week if you have your bachelor’s degree versus just a high-school diploma.  So really, it’s like you’d only have to work one year with a bachelor’s degree or two years with only a high-school diploma, to make the same amount of money.  Think about it and if you want to know more, sign up to receive the free “Get Your Career On!” guide at www.freecareerinfo.com. 

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