Wednesday, October 1, 2014

Education Matters

Even high school matters.  According to the Bureau of Labor Statistics, a person without a high school diploma is dramatically more likely to be unemployed than a person who does have a high school diploma.

A person with a Bachelor's is less likely to be unemployed than a person with only an Associate's degree and far better off than someone with only a high school diploma.  He/she is also likely to be earning much more than both.  The earnings advantage over the Associate's degree is significant.

Earning a Master's degree also helps, but you really need a professional degree to make the big difference.

Why is this so important?  Because when you're young, the difference in earnings on a weekly basis may seem quite small, but look at it over a lifetime and it's quite another story.

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