Wage Data
The road to riches is paved by education--or so the data suggest. According to 2012 U.S. Census Bureau data, workers with advanced degrees almost twice as much per year as those with just a high school diploma.
Education Attained | 2012 Annual Median Earnings |
Some HS, no diploma | $20,110 |
HS diploma/GED | $35,170 |
AA/AS degree | $57,590 |
BA/BS degree | $67,140 |
MA/MS degree | $63,400 |
Doctoral/professional degree | $96,420 |
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 | 11% |
HS diploma/GED | 7.5% |
AA/AS degree | 5.4% |
BA/BS degree | 4% |
MA/MS degree | 3.4% |
Doctoral/professional degree | 2% |
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