Friday, January 4, 2013

Education Pays


Happy New Year to all of my readers. Here's wishing you a very prosperous 2013!

Switching back to personal finance just in time for your new year resolutions, there are a lot of decisions that we can make in our lives that is more important that how many pounds we chose to gain or lose in a year. And right on top of my list will be the one to go get an education or higher education or some trade related certification or just to start reading  a good book on personal development.

To all my friends who are either working towards getting a new degree or have got a degree in the past year, my hats off to you and to all of you on the sidelines wondering, I hope these numbers will convince you,  "Education Pays".

 The average unemployment rate in the US was 9.6% in 2011 and  8.1% in 2012, but you can see how it got materially lower as the education level increased. 

                                                              Date Source: Bureau of Labor statistics
If you don't have a business idea or a product and the backing of a shark, the least you will need is a Bachelor's Degree!

A lot of the $451 per week jobs have gone overseas and that is a problem, but a lot of the $1,665 jobs are very much in the US and we are  bringing in people from overseas to fill them - isn't that an even bigger problem? Or shall I say , "Opportunity"?

Wake up America, go to school.  Education pays !

Resources:
Wealth Generation 101