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The second most dramatic difference in average income was between those with a bachelor's degree with $51,940 and those with an advanced degree who made $72,824, roughly $21,000 (42.2%) more. The least significant difference was between those who had graduated from high school and those who had either some college or an associate degree.
34.9% of Americans over the age of 25 had educational attainment of having a bachelor's degree or higher in 2019. The state with the highest percentage of people having a bachelor's degree or higher educational attainment was Massachusetts at 50.6%, and the lowest was West Virginia at 24.1%.
Let’s take a closer look at the average salary by education level to see what dividends education pays.
The most common scale is now 1 to 7, with 9 being the highest grade obtained. In addition, degrees are awarded in a Class, depending on the grades received. Degrees may be awarded in the First Class, Second Class (Upper Division), Second Class (Lower Division), Third Class, and Pass Class. Grading scales for secondary certificates are standard.
The numbers of both men and women receiving a bachelor's degree have increased significantly, but the increasing rate of female college graduates exceeds the increasing rate for males. [27] In 2014, the percentage of women with bachelor's degrees was higher than the percentage of men with bachelor's degrees for the first time in America. [28]
Students double majoring in engineering and natural sciences earned an average salary of $78,342; those double majoring in education and a social science earned $45,491. [9] [10] A double major is directly beneficial for those who only have a bachelor's degree.
A US Department of Education longitudinal survey of 15,000 high school students in 2002 and 2012, found that 84% of the 27-year-old students had some college education, but only 34% achieved a bachelor's degree or higher; 79% owe some money for college and 55% owe more than $10,000; college dropouts were three times more likely to be unemployed ...
Georgia posted a C-plus in the Chance-for-Success category, ranking 33rd on factors that contribute to a person's success both within and outside the K-12 education system. Georgia received a mark of D-plus and finished 37th for School Finance. It ranked 11th with a grade of C on the K-12 Achievement Index. [8]