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re: $1M lifetime earnings differential for college vs HS grads

Posted on 5/7/15 at 1:34 pm to
Posted by member12
Bob's Country Bunker
Member since May 2008
32121 posts
Posted on 5/7/15 at 1:34 pm to
I think it's much higher than that.

Those average annual wages for college grads appear to be a bit low.
Posted by Crusty
Baton Rouge
Member since Aug 2011
2447 posts
Posted on 5/7/15 at 1:37 pm to
So if you paid teachers more...you are guaranteed to get better teachers? So some of the engineers, doctors, lawyers, etc. would choose to teach instead of their current careers if teaching paid more? I'm not so sure. Teaching is a skill. You can have a brilliant mind and not be able to teach a kindergarten kid to tie his shoe.
Posted by WG_Dawg
Hoover
Member since Jun 2004
86561 posts
Posted on 5/7/15 at 1:48 pm to
quote:

Lets say the average college degree costs $100,000. Well if you were to invest that at 18




That 100K figure is over the course of 4 years, and MOST of the time is helped funded by grants or student loans that have to be paid back over time.

Please tell us where an 18 year old will come up with 100K to go invest.
Posted by Tigerstudent08
Lakeview
Member since Apr 2007
5776 posts
Posted on 5/7/15 at 1:55 pm to
quote:

It's sad that Education is anywhere near the bottom.

You don't think teachers are paid well for the amount of time they work?

And LOL at the poster earlier for the scenario where a high school graduate has $100,000 in cash in the bank to invest
Posted by THRILLHO
Metry, LA
Member since Apr 2006
49524 posts
Posted on 5/7/15 at 2:02 pm to
Weird that they lump architects and engineers together. I've read some articles recently that said architecture is a relatively low paying job considering the difficulty/education required.
Posted by Armymann50
Playing with my
Member since Sep 2011
17183 posts
Posted on 5/7/15 at 2:22 pm to
quote:

while they inhaled the smell of our professor's farts


That is a picture
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8020 posts
Posted on 5/7/15 at 2:26 pm to
quote:

It's sad that Education is anywhere near the bottom.


Cue the people saying it's near the bottom because it's full of incompetent whiners who couldn't do anything else.


Teaching is a difficult job, but the education degree itself is pretty damn easy to attain. That figures as much into it as anything. It's one of the easiest degrees out there.
Posted by lsu480
Downtown Scottsdale
Member since Oct 2007
92877 posts
Posted on 5/7/15 at 2:29 pm to
quote:

That 100K figure is over the course of 4 years,


Well if you invest 25k a year from 18-22 the #s are basically the same.

quote:

MOST of the time is helped funded by grants or student loans that have to be paid back over time.


Obviously this scenario is only possible if the kid has responsible parents that saved for his or her college education.

quote:

Please tell us where an 18 year old will come up with 100K to go invest.



Mommy and Daddy, duh!
Posted by CaptainJ47
Gonzales
Member since Nov 2007
7372 posts
Posted on 5/7/15 at 2:30 pm to
quote:

These threads make me feel like a baller


Agree- I am destroying the 75th percentile currently.
Posted by CaptainJ47
Gonzales
Member since Nov 2007
7372 posts
Posted on 5/7/15 at 2:32 pm to
I love how this is a Georgetown study. The cost of attending there would sure as shite eat up some of that $1 million.
Posted by BLM
ATL
Member since Oct 2011
749 posts
Posted on 5/7/15 at 2:57 pm to
The architects I've known aren't doing great unless they own their own firm or make principal/partner in the firm they work for. Have a good architect buddy that left the firm he worked for shortly bf making principal to work for a family contracting business that he'll eventually do very well with. Plenty of $ to be made in construction biz with the right companies.
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