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Education Having a good education in the long run can mean a lot It makes the difference of whether or not you live in the streets or in a mansion If the average high school dropout out makes a total of 609000 in a lifetime that means if they work for 50 years they only make 12180 per year Thats making approximately 1015 per month It will take a long time before they can own a decent 1 bedroom 1 bathroom house with a kitchen Thats if they arent married and have children If they do get married they better home they marry somebody who is at least a high school graduate High School graduates make 212000 dollars more If they also work for fifty years that means they make on average 35330 more per month than a High School dropout That is quite a bit more per year They could actually go on vacation The average Bachelors degree earner makes on average in their lifetime a total of 1421000 Lets say this person ended up working for 40 years That means that they make throughout their life an average of 35525 per year If they work for a less amount of years well then they make all the more per year On that base they make an average of 296042 per month That is 194542 more per month that the average high school dropout A PHD Doctoral earner makes during their lifetime an average of 2142000 If this person worked for 35 years they would make per year an average of 61200 That would mean that they would make 5100 per month If they worked for only 30 years and made the same amount that would mean they would make 71400 per year making their monthly earnings 5950 per month If they were married to someone else who had for example a bachelors degree that would mean they would make a total of
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