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Study Shows Average Monthly Income Increases with Education Level

You’ve heard me say it before, and I’ll say it again (Hey, it’s not my fault they keep coming out with new studies to prove my point!)…

Education pays.

What do I mean when I say education pays? Well, we all know education is an investment. But according to multiple sources, it is not just an investment, it is a good investment. Why? Because people get a return on their investment. In others words, that investment pays off.

I now give you the results of the latest report that helps illustrate my point even more. The report, titled, “What It’s Worth: Field of Training and Economic Status in 2009,” was written by Stephanie Ewert in correlation with the U.S. Census Bureau. It examines the relationship between education and economic outcomes.

One tidbit of information that stuck out was comparing the average monthly income of people with different levels of education. According to the report, average monthly income increases with each level of education:

High school diploma: $3,179
Vocational certificate: $3,538
Associate degree: $4,166
Bachelor’s degree: $5,445

I did some quick math on my trusty calculator and realized that it’s almost a $5,000 difference in average income each year between those that have a high school diploma and those with a vocational certificate (diploma). That number doubles when you compare those with a high school diploma and those with an associate degree.

Pretty interesting, huh?

Want to read more about education being a good investment? Check out these articles:

Survey Says…Education Pays! Survey Shows College is a Good Investment

Tell us: What’s your ultimate educational goal?

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