College Savings -The Benefits Never End.
College Savings Bank depositors generally appreciate their investment for its tax-benefits, FDIC insurance and guaranteed return. But according to a recent study prepared
by the United States Department of Labor, the real return in college begins at graduation.
In 2003, workers who had a bachelor’s degree had median weekly earnings of $900, compared with $554 a week for high school graduates-that’s a difference of $346 per week, or a 62 percent jump in median earnings. Workers with a doctoral degree earned $1,349.
In addition to earning more money, workers who had more education were also less likely to be unemployed. High School unemployment rate (5.5%), Bachelor’s Degree (3.3%), Doctoral Degree (2.1%).
Not sure which profession to choose? The United States Department of Labor released a 2004 study on national occupational employment and wages. The adjacent chart represents the 17 occupations that have a mean annual wage exceeding $100K.