By Star Parker
March 4, 2008
A new study shows the central importance of education in getting ahead in our country today.
In today's knowledge-driven economy, advanced education is essential. Plus, the economic returns on an advanced degree and the penalties for lack of it keep increasing.
According to the study, "Education and Economic Mobility," by Brookings Institution scholar Ron Haskins, the inflation-adjusted median family income for adults ages 30-39 with a graduate degree was 80 percent higher in 2006 than in 1964. For those with a four-year college degree, almost 60 percent higher. But incomes for those with a high-school education or less have remained virtually unchanged over the same period.
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