Earnings Comparisons
According to 2006 data released by the U.S. Census Bureau, there is certainly more than one reason for individuals to enroll in and complete college degree programs.
Studies have found that annually, individuals with advanced degrees earn four times more than those without a high school diploma. The study showed that individuals 18 years of age and older that had obtained their Master’s or Doctoral degrees earned an average of $79k per year while individuals with high school diplomas averaged just under $29k annually.
On a similar note, individuals with Bachelor’s degrees made an average annual income of $54k, individuals without high school diplomas averaged just under $20k annually.
Referenced Source(s): U.S. Census Bureau, Educational Attainment in the United States: 2006
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