THE LEDGER-STAR
Copyright (c) 1994, Landmark Communications, Inc.
DATE: Friday, July 22, 1994 TAG: 9407220766
SECTION: FRONT PAGE: A1 EDITION: FINAL
SOURCE: BY RANDOLPH E. SCHMID, ASSOCIATED PRESS
DATELINE: WASHINGTON LENGTH: Medium: 69 lines
Stay in school and earn more money.
People with professional degrees earn $5 for every $1 in lifetime income of those who don't finish high school, the Census Bureau reports.
The bottom line: The longer you learn, the more you earn.
For example, someone with a professional degree can expect lifetime earnings of more than $3 million, compared to $1.4 million for someone with a bachelor's degree and just over $600,000 for high school dropouts.
The study said that in 1992, people with advanced degrees had average annual earnings of $48,653, while those with bachelor's degrees averaged $32,629 and high school graduates managed just $18,737.
In his report, statistician Robert Kominski noted that four-fifths of Americans aged 25 and over have finished high school and more than one in five has a college degree - both all-time high levels for this country.
He also found that whites had the greatest share who had completed high school, 82 percent, compared to 70 percent for blacks. The ``other'' group, including Asians and Pacific Islanders, had 79 percent high school graduates.
The study's lifetime earnings estimates, by educational attainment:
Didn't finish high school: $609,000.
High school graduate: $821,000.
Attended college: $993,000.
Associate degree: $1,062,000.
Bachelor's degree: $1,421,000.
Master's degree: $1,619,000.
Doctorate: $2,142,000.
Professional: $3,013,000.
WASHINGTON - Stay in school and earn more money.
People with professional degrees earn $5 for every $1 in lifetime income of those who don't finish high school, the Census Bureau reports.
The bottom line: The longer you learn, the more you earn.
For example, someone with a professional degree can expect lifetime earnings of more than $3 million, compared to $1.4 million for someone with a bachelor's degree and just over $600,000 for high school dropouts.
The study said that in 1992, people with advanced degrees had average annual earnings of $48,653, while those with bachelor's degrees averaged $32,629 and high school graduates managed just $18,737.
In his report, statistician Robert Kominski noted that four-fifths of Americans aged 25 and over have finished high school and more than one in five has a college degree - both all-time high levels for this country.
He also found that whites had the greatest share who had completed high school, 82 percent, compared to 70 percent for blacks. The ``other'' group, including Asians and Pacific Islanders, had 79 percent high school graduates.
The study's lifetime earnings estimates, by educational attainment:
Didn't finish high school: $609,000.
High school graduate: $821,000.
Attended college: $993,000.
Associate degree:
$1,062,000.
Bachelor's degree:
$1,421,000.
Master's degree:
$1,619,000.
Doctorate: $2,142,000.
Professional: $3,013,000. by CNB