College Increases Earning Potential

Feb 16, 2011

By Staff writer State Farm™ Employee

Your child's education may be one of the largest investments you make during your lifetime. But when you take into account future earnings, it may also provide you – and your child – with the highest return.

Workers with a bachelor's degree earned $27,000 more a year than workers with a high school diploma

Workers with a bachelor's degree earned about $27,000 more a year on average than workers with a high school diploma, according to U.S. Census Bureau figures that outline 2008 educational trends and achievement levels. Workers with advanced degrees earned about $50,000 more.

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In addition, the unemployment rate for individuals with a bachelor’s degree or higher is less than half the rate for high school graduates, according to a July 2010 report of U.S. Bureau of Labor Statistics.

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These statistics aren’t insignificant, especially when combined with the intangible benefits a higher education can provide. And they are definitely food for thought when considering a significant investment like your child’s education.


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Tags child, college, teen, work

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