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Michael A. Milazzo, CLU, ChFC

Registered Principal

 

The Meridian Financial Company

3350 Club Villas Dr SE, Unit #1303

Southport, NC 28461

 

Phone:  631-979-4223

Fax:      910-854-0002

 

Email: meridian@ae.cadaretgrant.com

Website: www.merfinco.com

March/April 2018

How much is Higher Education Worth?

How much is Higher Education Worth

Wondering if higher education is worth the high cost? The numbers in the accompanying graph show the value of continued education beyond high school. A Master’s degree, for instance, is worth about twice as much as a high school diploma.


Effect on Unemployment


The data also show that a person’s educational attainment in 2016 had an inverse relationship on their employment prospects. For example, the total unemployment rate of persons aged 25 and older was 4%. Those with a high school diploma averaged a 5.2% unemployment rate, while those with a Bachelor’s degree averaged about half of that at 2.7%.
Effect on Lifetime Earnings


Add it all up and you can see how a Bachelor’s degree or higher can help you earn hundreds of thousands of dollars more over your lifetime than if you only had a high school diploma.


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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Securities and Advisory Services offered through Cadaret, Grant & Co, Inc, a Registered Investment Advisor and Member FINRA/SIPC. The Meridian Financial Company and Cadaret, Grant & Co., Inc. are separate entities. I am registered to sell Securities in the following States: NY, NJ, PA, NC, FL, ID.
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