1. Education Pays If you think education is expensive, try the cost of ignorance

2. Income varies widely in the US Income may be determined by factors beyond individual control such as: the market for labor, skills, etc. changes in the economy foreign and domestic competition unequal distribution of talent discrimination

3. Individual decisions may affect income Such as: savings and investment habits individual initiative/effort social contacts education

4. The next slide shows uneven income distribution by household in the United States (based on 1998 Census Bureau data). Notice which 1/5th of the households receives the highest/lowest percent of income in the US

5. Inequality of income in the US

6. The next slide shows the educational achievement of various segments of Americans over the age of 25.

7. Who’s educated in the US?

8. The next slide shows the relationship between education and income for men and women. Note the difference based on both education level and gender

9. Education pays (more if you’re a guy)

10. The next slide shows how education is related to job security

11. Educated workers are less likely to be unemployed: This chart shows unemployment rate by education level in 1992.

12. Conclusion Income varies widely in the US Some determinants of income are beyond individual control Educational attainment is partly under individual control More education usual means more income and job security