More education still means higher salaries
Still, it’s clear that educational attainment is still far and away the biggest determinant of our long-term earning power. And the Census Bureau report is hardly the first to take a hard look at the correlation between education and income. A study released in August by the American Institutes for Research found that college students who drop out before getting their degrees can expect to lose out on $7,700 of income per year. And kids who drop out of high school are a lot more likely to end up poorer than their parents.