More education continues to pay off in a big way
http://www.census.gov/schools/census...ttainment.html
Adults with advanced degrees earn four times more than those with less than a high school diploma. Workers 18 and older with a master’s, professional or doctoral degree earned an average of $82,320 in 2006, while those with less than a high school diploma earned $20,873.
Workers 18 and older with a bachelor’s degree earned an average of $56,788 in 2006, while those with a high school diploma earned $31,071.
Among those whose highest level of education was a high school diploma or equivalent,
non-Hispanic white workers had the highest average earnings ($32,931), followed by Asians ($29,426) and
blacks ($26,268). Average earnings of Hispanic workers in the same group ($27,508) were not statistically different from those of Asian or black workers.
Among workers with advanced degrees, Asians ($88,408) and
non-Hispanic whites ($83,785) had higher average earnings than Hispanics ($70,432) and
blacks ($64,834).