Education And Earning Power

    Published: 06-16-2009
    Views: 11,644
    Wells Fargo Financial expert Emma Gutierrez discusses how much affect education has on your potential earning power.

    Emma Gutierrez: Hello! I'm Emma Gutierrez with Wells Fargo & Company. Today we're talking about education beyond high school and understanding how it is a way to invest in you.

    A college education can brought in your understanding of the world around you and provide you with a higher level of earning power throughout your career. A four-year college degree may not be right for everyone. A community or junior college trade school or technical training can be other valuable options to consider. If you're serious about getting more education discuss it with your family. Their support financial otherwise can be a major help to reaching your goal. More education almost always means more experience, more job options, and the potential for increased earns for the rest of your life.

    The average lifetime earnings improvement for students holding a bachelor's degree over those with only a high school diploma is an astounding 1.

    2 million dollars, according to the National Association of Student Financial Aid Administrators Journal of student financial aid. For some jobs you don't need specialized education or training beyond what you learned with high school. But lots of jobs do require it; and fortunately there are many options for getting it. Education beyond high school can give you the kind of knowledge and skills that lead to more choices of jobs and higher paying careers. After you've identified some careers that interest you, see what kind of education and training as require. And have the salaries in those jobs to match up with your financial goals. According to the College Board someone with an associate degree earns almost 30% more money than a high school graduate. The same study show that someone with the master's degree earns almost double the money of a high school graduate, and someone with the professional degree earns almost double the income of someone with the bachelor's degree. As you can see the level of education you achieve can make a significant difference and how much money you're able to earn and how soon you can achieve your financial goals in life. It pays to continue your education beyond high school.