Friday, March 21, 2014
Still plowing through economic data as part of my day-to-day work at the office, I am now examining the household income of various demographic groups. Median household income in 2010 (the latest data available) based on educational attainment was as follows:
- No high school diploma = $23,000 per annum
- High school diploma = $36,600 per annum
- Some college = $42,900 per annum
- College degree= $73,800 per annum
That amount is where half of the people in your category make more than you and half make less. Over a lifetime, the cumulative dividend from a college degree is in the millions of dollars. Value investing works in this area, too, because the key is not to overpay for the degree by taking on too much student loan debt or picking a discipline that doesn't monetize well unless you can afford such a luxury.
