The kids and I have a chant every morning as I drive them to school.
Dad: "We're going to school to..."
Kids: "Get some knowledge!"
Dad: "And eventually you will..."
Kids: "Go to college!"
www.payscale.com has released their 2008 salary survey from nearly every college in the United States. They have collected data for starting median salary and mid-career median salary.
Compare this to other sobering statistics from the Bureau of Labor Statistics:
A college degree = more earning potential... make a note of it.
My mom has her Master's degree yet over a third of her earnings are stolen by Uncle Sam.
She still gets calls from debt collectors. |
Well, she should be earning millions of dollars a year, so only a fifth or sixth of her earnings are stolen by Uncle Sam.
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Hey , "dad" , How about you get a LIFE!
This is a kids website , do you even work , .. well you probably live in yuor mom's basement. Get a job ; Joo Dirty child raper. |
Blaze is apparently unaware that 1) this is not a kid's website (even if most of the retards here happen to be younger) and 2) that Buzzyboy is a friend of Tom and Mike H's.
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Rich people are rich because they're good at not wasting money, not necessarily because they make a lot of it. Ever notice how fast lottery winners tend to go broke?
As for the topic, statistics like this can be easily skewed. For example, suppose we had a group of people with the best education possible. I tell you that 99% of them are employed and they make an average of 100k each year, which statistically is true. What I'm not telling you is that 98% of them are employed at McDonalds and one out of a hundred have struck it rich. |
Of course, those who would take these statistics would account for outliers, as that is one of the thing statisticians do.
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Rich people are rich because they make good financial decisions or at least that's what I've always thought.
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Riku 123q wrote:
Rich people are rich because they make good financial decisions or at least that's what I've always thought. That definitely does play a big part, but you also have to factor in location, parents income, and a little bit of dumb luck. |
Foomer wrote:
Rich people are rich because they're good at not wasting money, not necessarily because they make a lot of it. Ever notice how fast lottery winners tend to go broke? The income listed is median, not mean. |
To be honest, I'm not sure how well I trust the results though. Last years results seemed horribly out of place. Even this year they seem a little off. I'm surprised to see RPI beating Caltech; as much as I like my school, I'm not unrealistic.