Did you ever wonder about the benefits of education? You’ll be happy to hear that according to the U.S Bureau of Labor Statistics, it really does pay off! Workers who attain more education earn more money on average. For example, in 2022, workers aged 25 and over who didn’t finish high school had a median weekly income of $682. However, those who finished high school with a diploma earned $853 per week, which is over 25% more! And the best part? Earnings continued to increase with each level of education achieved. So don’t hesitate to further your education; investing in yourself will pay off down the road!
| Educational attainment | Median usual weekly earnings | Unemployment rate |
|---|---|---|
|
Doctoral degree |
$2,083 | 1.0% |
|
Professional degree |
2,080 | 1.4 |
|
Master's degree |
1,661 | 1.9 |
|
Bachelor's degree |
1,432 | 2.2 |
|
Associate's degree |
1,005 | 2.7 |
|
Some college, no degree |
935 | 3.5 |
|
High school diploma |
853 | 4.0 |
|
Less than a high school diploma |
682 | 5.5 |
|
Note: Data are for persons age 25 and over. Earnings are for full-time wage and salary workers. Source: U.S. Bureau of Labor Statistics, Current Population Survey. |
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