Does education really increase your earning or it actually curbs it?

Answer 1

Depends on what type of education a person has. For example a person with bachelor degree in something person not suited for still pays off, but it may leave them with 30,000 debt if they cant get a job to pay off the loans. Remember China, India, other countries a lot poorer than the USA will able to produce people with bachelor degrees with the same skills and pay them a lot less in the future. The education funding should be set up so people can upgrade skills in the marketplace, but college for everyone is impractical and counterproductive.

Person with money smarts can still come out ahead sometimes than the person with bacholer degree if they know how to save money, and use money wisely. Having the ability and knowhow to make more money does not mean you how to leverage the money you made to increase wealth.

College degree for the majority of people is good investment, but its becoming a more expense a investment for the lower income families to afford. College admission should be based on merit instead of "Helicopter parents"; with money hovering over their child to get them into college at any cost.
College degree pays 50k a year, high school diploma about 30k still those are averages, and the median probably 590 a week for a person with High School diploma, but 890 a week for person with College degree.
Still, Western society needs to accept that majority of the population will never have bachelor degrees, but rebalace funding so university education, and technical education get equal amounts of funding.

Answer 2

There are of course exceptions, where people without an education did really well, and got really rich. In general, however, you will earn (a lot) less if you do not have an education. Mainly because you will not get the best paying jobs without a nice diploma or degree of some kind.

Even if you do manage to get in somewhere, you will (probably) earn less without a degree. Master's degree will earn a higher starter's salary than a Bachelor's degree. PhD will earn more than a Master's degree, etc.

Education can be a pain, as you may need to take out loans and whatever, but you are investing in yourself. The more you invest in yourself, the more valuable you are to a future employer. The more valuable you are, the more you earn.

Answer 3

Education is one of the most secure investments you can ever make. The earning potential between a person with a college degree versus someone with just a high school education is $1 million dollars over a lifetime.

Answer 4

It increases your earning upto a certain point. In general all 4-year college graduate has a higher expected earning when compared to people with lower aducation attainmnet.
However when you look beyond that level it beomes a bit more fuzzy and starts depending on your field of education. A MBA ( i.e 2+ years after undergrad) has a higher expected earning pottential thatn a liberal arts phD ( 5+ after undergrad )

Answer 5

you must be 7 years old