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A College Degree; Your Ticket to $1,000,000

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According to the U.S. Department of Labor, the average U.S. full time worker earns $676 a week. You will probably not be shocked to learn that the Department of Labor found a direct correlation between workers' educational level and their earning power. Workers who had failed to complete high school earned about $396 a week, nearly $300 less than the overall average. High school graduates who did not attend college earned $562 a week on average, and workers with at least a college undergraduate degree earned about $1,000 a week, $325 above the overall average.

College graduates with an undergraduate degree only had median weekly earnings of $926, while those with an advanced degree had median earnings of $1,149.

Several other surveys indicate that the Department of Labor reports understate the differences in income by educational level. In fact, it is often reported by reliable researchers that the lifetime earnings differential between high school and college graduates exceeds $1,000,000. And, most economic and labor experts believe that the earnings gap between high school and college graduates will grow significantly in future years.

According to The Washington Research Council, "During the next century, higher education will become increasingly important for landing high-paying jobs", and "It's widely believed that the 'new economy' will require increasingly higher levels of education."

In addition, well educated workers will continue to be better protected against unemployment, overseas outsourcing, and increasing worldwide competition than their less educated colleagues. But, higher incomes and better job security are only two of the benefits of higher education.

College graduates, overall, are happier with their jobs and careers than are other workers. That's because the better educated a worker is, the more likely he or she will qualify for promotions and/or new career opportunities. It stands to reason that people who are not trapped in dead end jobs will experience higher job satisfaction.

There seems to be no doubt that undergraduate and graduate degrees lead to significantly greater earnings, a wider range of employment opportunities, more frequent career advancement, and significantly increased job satisfaction. Because the value of higher education is increasingly valued by employees and employers alike, and because scholarships and financial aid are now more readily available than ever before to students in online education programs, the number of working adults enrolled in part time degree programs is at an all time high.

And, clearly, whether earned in a traditional or online degree program, a college degree is now more important and more valuable than ever before.

Article Source: http://www.article-exposure.com

Daniel Kane is a university dean. Among his websites are one on the twenty best online universities, and another on online education and online degrees.

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