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Midge 2 year s ago
#8 well that's because college is a joke and has the least effect of whether you become rich.
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Lorry 2 year s ago
Midge,
You are correct: it's having rich parents that has the biggest effect on the chances of becoming rich. In terms of earning though, college is still a pretty good investment. In general, lifetime median earnings are:
No HS degree: $1.2M
HS: $1.6M
Bachelor's: $2.8M
Master's: $3.4M
PhD: $4M
Professional Degree: $4.7M
You are correct: it's having rich parents that has the biggest effect on the chances of becoming rich. In terms of earning though, college is still a pretty good investment. In general, lifetime median earnings are:
No HS degree: $1.2M
HS: $1.6M
Bachelor's: $2.8M
Master's: $3.4M
PhD: $4M
Professional Degree: $4.7M
You are correct: it's having rich parents that has the biggest effect on the chances of becoming rich. In terms of earning though, college is still a pretty good investment. In general, lifetime median earnings are:
No HS degree: $1.2M
HS: $1.6M
Bachelor's: $2.8M
Master's: $3.4M
PhD: $4M
Professional Degree: $4.7M