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Wage Data

The road to riches is paved by education--or so the data suggest.  According to 2005 U.S. Census Bureau data, workers with advanced degrees earn over twice as much per year as those with just a high school diploma. 

Education Attained 2005 Annual
Average Earnings
Some HS, no diploma $19,915
HS diploma/GED $29,448
Some college, AA/AS degree $37,990
BA/BS degree $54,689
MA/MS Advanced degree $67,898
Doctoral degree $92,863
Professional degree $119,009

As this chart from the US Department of Labor shows, people with advanced degrees also have a considerably lower chance of being unemployed.  See unemployment rates by level of education:

Education Attained % Unemployed
No HS diploma 15.6%
HS diploma/GED 10.5%
Some college, AA/AS degree 8%
BA/BS degree 5%

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