Is it worth it to stay in school and earn a higher degree? As data from the Census Bureau’s Current Population show, the answer is a resounding yes!
This Brief examines the relationship between education and earnings during the 1992 calendar year; it also demonstrates how the relationship has changed over the last two decades. Additionally, it provides estimates (by level of education) of the total earnings adults are likely to accumulate over the course of their working life.
You’ll see that more education means greater earnings over a year’s time; over the length of one’s working life, these differences become enormous. Moreover, this relationship between earnings and education is now even stronger than it was back in the 1970’s.