1) The average run of the mill degree results in twice the earnings and half the unemployment of those with just high school.
2) The average run of the mill degree results in a $900k lift in lifetime earnings (for men) over a high school diploma. The lift for women is not quite that much but that might have something to do with the types of degrees that each get.
These numbers are averages so if your child completes a stem degree from say MIT, the lift in lifetime earnings is likely quite a bit more than that.
1) The average run of the mill degree results in twice the earnings and half the unemployment of those with just high school.
2) The average run of the mill degree results in a $900k lift in lifetime earnings (for men) over a high school diploma. The lift for women is not quite that much but that might have something to do with the types of degrees that each get.
These numbers are averages so if your child completes a stem degree from say MIT, the lift in lifetime earnings is likely quite a bit more than that.
Want more? Check out : https://www.bls.gov/emp/ep_chart_001.htm