Sunday, December 11, 2016

The Income of Young Adults Based on Education Level

Before starting this investment project, I had to find out how much money would be a good amount to save each year. According to mycreditunion.gov, young adults should save 10% of their income at minimum. I learned that the level of education that you graduate or don't graduate with affects your income by thousands of dollars.  The text from nces.ed.gov states, "In 2014, the median earnings of young adults with a bachelor’s degree ($49,900) were 66 percent higher than the median earnings of young adult high school completers ($30,000).The median earnings of young adult high school completers were 20 percent higher than the median earnings of those without a high school credential ($25,000)." This information made me value education even more. I always knew that education was an important part of your future, but not exactly how important. I will continue to learn about the importance of education to try to be successful in the future.







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2 comments:

  1. UnknownDecember 11, 2016 at 8:16 PM

    I think this post is amazing! You took the the simple task of just asking an adult how much you should save each year and dug into it. This is actually a really eye opening post because it shows why as teens you have to work hard in school to be able to get your degrees and etc. so in the future you can be financially stable.

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  2. SnowflakeDecember 11, 2016 at 8:37 PM

    I found your post to be very informative. It is easy to see why education has a huge impact on your future career and salary. Nevertheless, I it still important to save no matter how much money you make. Before this post, I didn't know that the average young adult saved 10% of their income. Your post gave me an insight about how much I personally should save towards my future.

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